Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517 shares of the business services provider’s stock after selling 23 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Booking were worth $2,178,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after acquiring an additional 12,456 shares during the period. Janus Henderson Group PLC lifted its stake in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after buying an additional 21,969 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Booking by 4.2% during the fourth quarter. Fisher Asset Management LLC now owns 376,656 shares of the business services provider’s stock valued at $1,336,085,000 after acquiring an additional 15,303 shares during the period. Ninety One UK Ltd grew its position in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in shares of Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after acquiring an additional 43,743 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 target price on shares of Booking in a research report on Monday, August 5th. Morgan Stanley raised their target price 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. Barclays reduced their price target on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Oppenheimer lowered their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark reduced their price objective on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $4,064.21.

Booking Price Performance

Booking stock opened at $4,125.01 on Thursday. The firm has a fifty day moving average price of $3,805.62 and a two-hundred day moving average price of $3,766.25. The firm has a market cap of $138.27 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 1.30 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,272.88.

Booking (NASDAQ:BKNG) last issued its quarterly 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 negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the company earned $37.62 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, September 6th. Booking’s payout ratio is presently 26.25%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The disclosure for this sale can be found here. Corporate 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.