Glenview Trust co Has $10.42 Million Position in Booking Holdings Inc. $BKNG

Glenview Trust co grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 89.1% during the second quarter, Holdings Channel reports. The firm owned 1,800 shares of the business services provider’s stock after purchasing an additional 848 shares during the period. Glenview Trust co’s holdings in Booking were worth $10,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $209,000. SouthState Corp increased its stake in shares of Booking by 1,600.0% in the first quarter. SouthState Corp now owns 17 shares of the business services provider’s stock worth $79,000 after purchasing an additional 16 shares during the period. Prudential PLC increased its stake in shares of Booking by 67.3% in the first quarter. Prudential PLC now owns 3,048 shares of the business services provider’s stock worth $14,042,000 after purchasing an additional 1,226 shares during the period. Finally, National Pension Service lifted its position in shares of Booking by 3.1% during the 1st quarter. National Pension Service now owns 71,467 shares of the business services provider’s stock worth $329,242,000 after purchasing an additional 2,162 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of research analyst reports. DA Davidson raised their target price on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their price target on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective on the stock in a research note on Monday, November 24th. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $6,149.23.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider directly owned 1,514 shares in the company, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the transaction, the director owned 717 shares of the company’s stock, valued at $3,606,510. The trade was a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,388 shares of company stock worth $17,629,822 over the last quarter. 0.16% of the stock is currently owned by insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,277.20 on Thursday. The company’s fifty day moving average is $5,066.25 and its 200-day moving average is $5,380.31. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market capitalization of $170.08 billion, a PE ratio of 34.30, a P/E/G ratio of 1.31 and a beta of 1.25.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the business earned $83.39 EPS. Booking’s revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is currently 24.96%.

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.