Creative Planning Sells 84 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Creative Planning cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the 3rd quarter, Holdings Channel reports. The firm owned 4,312 shares of the business services provider’s stock after selling 84 shares during the period. Creative Planning’s holdings in Booking were worth $18,162,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Grove Bank & Trust grew its stake in shares of Booking by 128.6% in the third quarter. Grove Bank & Trust now owns 16 shares of the business services provider’s stock worth $67,000 after purchasing an additional 9 shares during the last quarter. Novare Capital Management LLC grew its stake in shares of Booking by 2.4% in the third quarter. Novare Capital Management LLC now owns 476 shares of the business services provider’s stock worth $2,005,000 after purchasing an additional 11 shares during the last quarter. Sapient Capital LLC grew its stake in shares of Booking by 0.5% in the third quarter. Sapient Capital LLC now owns 7,311 shares of the business services provider’s stock worth $30,795,000 after purchasing an additional 35 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of Booking by 1.1% in the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after purchasing an additional 3 shares during the last quarter. Finally, Thomasville National Bank grew its stake in shares of Booking by 1.9% in the third quarter. Thomasville National Bank now owns 11,151 shares of the business services provider’s stock worth $46,969,000 after purchasing an additional 209 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on BKNG. Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. JMP Securities lifted their price objective on Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Wedbush lifted 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. Finally, Evercore ISI cut their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,130.18.

Booking Trading Up 0.3 %

NASDAQ:BKNG opened at $4,363.72 on Tuesday. Booking Holdings Inc. has a 12 month low of $2,733.04 and a 12 month high of $4,394.95. The company has a market cap of $148.05 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a 50 day simple moving average of $3,998.82 and a two-hundred day simple moving average of $3,829.91.

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

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 26.25%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.