Oppenheimer & Co. Inc. Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Oppenheimer & Co. Inc. reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 55.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140 shares of the business services provider’s stock after selling 177 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Booking were worth $590,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the third quarter worth about $25,000. Grove Bank & Trust raised its stake in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the third quarter worth about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.8 %

Shares of BKNG stock opened at $5,016.43 on Thursday. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44. The firm has a 50 day moving average of $4,431.19 and a 200-day moving average of $4,019.06. The company has a market cap of $166.04 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BKNG shares. Jefferies Financial Group upped their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Mizuho boosted their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

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.