Axxcess Wealth Management LLC Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Axxcess Wealth Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55 shares of the business services provider’s stock after selling 16 shares during the period. Axxcess Wealth Management LLC’s holdings in Booking were worth $232,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after buying an additional 12,456 shares in the last quarter. Janus Henderson Group PLC increased its stake in Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after buying an additional 21,969 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking during the 3rd quarter worth approximately $5,322,600,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Booking by 15.1% during the 2nd quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock worth $420,865,000 after purchasing an additional 13,908 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Morgan Stanley boosted their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Booking Trading Down 0.3 %

Booking stock opened at $4,970.98 on Friday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44. The stock’s fifty day simple moving average is $4,311.61 and its 200-day simple moving average is $3,966.44. The firm has a market capitalization of $164.54 billion, a P/E ratio of 33.73, a P/E/G ratio of 1.56 and a beta of 1.38.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s 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 represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.