Booking Holdings Inc. $BKNG Holdings Cut by Keybank National Association OH

Keybank National Association OH trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 243,234 shares of the business services provider’s stock after selling 9,729 shares during the quarter. Keybank National Association OH’s holdings in Booking were worth $39,625,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BKNG. BlackRock Inc. bought a new position in shares of Booking in the second quarter worth $11,646,302,000. State Street Corp raised its position in shares of Booking by 2,674.6% in the second quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after buying an additional 37,999,915 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Booking in the second quarter worth $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking in the second quarter worth $1,370,455,000. Finally, Ninety One UK Ltd boosted its stake in Booking by 1.0% during the third quarter. Ninety One UK Ltd now owns 6,489,929 shares of the business services provider’s stock valued at $1,057,274,000 after buying an additional 64,584 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $160.21 on Thursday. The company’s fifty day moving average price is $164.14 and its 200-day moving average price is $175.46. The firm has a market capitalization of $119.15 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.02 and a beta of 1.17. Booking Holdings Inc. has a one year low of $146.28 and a one year high of $220.81.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.17. Booking had a net margin of 25.52% and a negative return on equity of 89.54%. The firm had revenue of $9.79 billion for the quarter, compared to analysts’ expectations of $9.55 billion. During the same quarter last year, the company posted $99.50 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 10.26 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 11th. Booking’s dividend payout ratio is currently 18.12%.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent analyst reports. Barclays reduced their target price on Booking from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th. BMO Capital Markets restated an “outperform” rating and issued a $245.00 target price on shares of Booking in a research note on Wednesday, November 4th. Citigroup reaffirmed an “outperform” rating on shares of Booking in a report on Wednesday, November 4th. Mizuho set a $205.00 price target on Booking in a research report on Wednesday, November 4th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $188.00 price target on shares of Booking in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.35.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $203.48, for a total transaction of $610,440.00. Following the sale, the insider owned 73,400 shares in the company, valued at $14,935,432. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter Millones, Jr. sold 50,050 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the sale, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. The trade was a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,425 shares of company stock worth $11,783,564 in the last three months. Insiders own 0.17% of the company’s stock.

Booking Company Profile

Booking Holdings Inc. is an online travel company that connects travelers with accommodations and other travel services. Through its digital platforms, customers can search for and book hotels, vacation rentals, flights, rental cars, attractions and other travel experiences. The company operates a portfolio of consumer brands, including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. Its services span accommodation reservations, travel search and comparison, car rentals, and restaurant reservations.