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

True North Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter valued at $28,000. Kings Path Partners LLC bought a new stake in Booking during the second quarter valued at $28,000. Financial Connections Group Inc. bought a new position in shares of Booking in the 2nd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Booking in the 2nd quarter valued at about $32,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s 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 sale, the chief executive officer now directly 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 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 directly owns 24,721 shares in the company, valued at $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 is available through this hyperlink. Also, insider Paulo Pisano sold 100 shares of the business’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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Booking Stock Up 1.5 %

Shares of BKNG opened at $4,233.18 on Wednesday. The stock has a market capitalization of $143.62 billion, a P/E ratio of 31.75, a PEG ratio of 1.26 and a beta of 1.40. The firm has a fifty day simple moving average of $3,842.77 and a two-hundred day simple moving average of $3,784.93. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,272.88.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) 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 company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the business earned $37.62 EPS. Booking’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $8.75 dividend. 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 currently 26.25%.

Analyst Ratings Changes

Several equities analysts have issued reports on BKNG shares. Benchmark dropped their price target on Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Truist Financial assumed coverage on shares of Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective on the stock. DA Davidson reduced their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, B. Riley dropped their price target on Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned 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 $4,092.68.

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.