Fragasso Financial Advisors Inc Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Fragasso Financial Advisors Inc decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,301 shares of the business services provider’s stock after selling 9 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Booking were worth $5,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Stephens Inc. AR increased its position in Booking by 10.6% in the fourth quarter. Stephens Inc. AR now owns 208 shares of the business services provider’s stock worth $738,000 after buying an additional 20 shares in the last quarter. Waterloo Capital L.P. boosted its stake in shares of Booking by 7.4% in the fourth quarter. Waterloo Capital L.P. now owns 145 shares of the business services provider’s stock worth $514,000 after acquiring an additional 10 shares during the period. Personal CFO Solutions LLC bought a new position in shares of Booking in the fourth quarter worth about $262,000. Evercore Wealth Management LLC boosted its stake in shares of Booking by 4.6% in the fourth quarter. Evercore Wealth Management LLC now owns 204 shares of the business services provider’s stock worth $724,000 after acquiring an additional 9 shares during the period. Finally, Sollinda Capital Management LLC bought a new position in shares of Booking in the fourth quarter worth about $245,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG traded down $17.88 during trading on Monday, hitting $4,169.82. 184,175 shares of the stock were exchanged, compared to its average volume of 251,991. The firm has a 50 day simple moving average of $3,824.24 and a 200 day simple moving average of $3,776.97. The firm has a market cap of $139.77 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.26 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,272.88.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $37.62 EPS. As a group, equities analysts anticipate that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.84%. Booking’s payout ratio is currently 26.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. B. Riley dropped their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Truist Financial began coverage on Booking in a research note on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target for the company. Evercore ISI dropped their price target on 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. Wedbush increased their price target on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,064.21.

Insiders Place Their Bets

In other Booking 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 transaction of $388,761.00. Following the sale, the insider now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction 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 owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Booking Company Profile

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.