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% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 institutional investors also recently modified their holdings of the business. Grove Bank & Trust grew its holdings 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 valued at $67,000 after acquiring an additional 9 shares in the last quarter. Novare Capital Management LLC grew its holdings 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 valued at $2,005,000 after acquiring an additional 11 shares in the last quarter. Sapient Capital LLC grew its holdings 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 valued at $30,795,000 after acquiring an additional 35 shares in the last quarter. Procyon Advisors LLC grew its holdings 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 valued at $1,121,000 after acquiring an additional 3 shares in the last quarter. Finally, Thomasville National Bank grew its holdings in Booking by 1.9% during the third quarter. Thomasville National Bank now owns 11,151 shares of the business services provider’s stock valued at $46,969,000 after purchasing an additional 209 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson reduced their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a report on Monday, August 5th. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,130.18.

Booking Stock Up 0.3 %

NASDAQ BKNG opened at $4,363.72 on Tuesday. The stock’s 50-day simple moving average is $3,998.82 and its two-hundred day simple moving average is $3,829.91. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,394.95. The company has a market capitalization of $148.05 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating 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 business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the business posted $37.62 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

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.