True North Advisors LLC Sells 16 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

True North Advisors LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.7% in the third quarter, HoldingsChannel reports. The fund owned 167 shares of the business services provider’s stock after selling 16 shares during the quarter. True North Advisors LLC’s holdings in Booking were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking in the 2nd quarter worth about $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the 2nd quarter valued at about $28,000. Financial Connections Group Inc. bought a new position in shares of Booking in the 2nd quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Booking in the second quarter worth about $32,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Up 1.5 %

NASDAQ:BKNG opened at $4,233.18 on Wednesday. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,272.88. The company has a fifty day simple moving average of $3,842.77 and a two-hundred day simple moving average of $3,784.93. The company has a market cap of $143.62 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $37.62 EPS. On average, analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wedbush upped their price objective on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday. DA Davidson reduced their target price on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,092.68.

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.