Glenmede Trust Co. NA Sells 4,695 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Glenmede Trust Co. NA trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,474 shares of the business services provider’s stock after selling 4,695 shares during the quarter. Booking comprises about 0.7% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 28th biggest holding. Glenmede Trust Co. NA owned about 0.10% of Booking worth $136,784,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Garner Asset Management Corp grew its holdings in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 3 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares in the last quarter. American National Bank increased its position in Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after purchasing an additional 3 shares during the last quarter. Finally, Jacobsen Capital Management raised its stake in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Evercore ISI reduced their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Piper Sandler lifted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird started coverage on Booking in a report on Wednesday. They set an “outperform” rating and a $5,850.00 price target on the stock. Wedbush lifted their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, B. Riley boosted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Stock Performance

Booking stock opened at $5,214.72 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00. The company has a market cap of $172.61 billion, a PE ratio of 35.39, a PEG ratio of 1.59 and a beta of 1.38. The business’s 50-day simple moving average is $4,528.70 and its two-hundred day simple moving average is $4,063.21.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is presently 23.75%.

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.