Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by CNB Bank

CNB Bank increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216 shares of the business services provider’s stock after acquiring an additional 22 shares during the period. CNB Bank’s holdings in Booking were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter valued at $25,000. Grove Bank & Trust grew its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking in the second quarter worth about $28,000. Kings Path Partners LLC acquired a new stake in Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter valued at about $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $4,350.82 on Friday. The company has a market capitalization of $147.61 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.31 and a beta of 1.40. The stock’s 50 day moving average price is $3,980.33 and its 200 day moving average price is $3,822.64. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,394.95.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results 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 analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $37.62 EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced 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 of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.80%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Truist Financial started coverage on Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target on the stock. 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 research note on Friday, August 2nd. Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upped their target price on Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,130.18.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’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 completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Booking 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.