CNB Bank Has $910,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

CNB Bank lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% during the third quarter, HoldingsChannel reports. The firm owned 216 shares of the business services provider’s stock after purchasing an additional 22 shares during the period. CNB Bank’s holdings in Booking were worth $910,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Park Avenue Securities LLC boosted its position in shares of Booking by 0.5% in the first quarter. Park Avenue Securities LLC now owns 624 shares of the business services provider’s stock valued at $2,264,000 after acquiring an additional 3 shares during the period. RFG Advisory LLC bought a new position in shares of Booking during the 1st quarter worth about $528,000. Rockland Trust Co. raised its position in shares of Booking by 13.6% during the first quarter. Rockland Trust Co. now owns 100 shares of the business services provider’s stock valued at $363,000 after buying an additional 12 shares during the last quarter. &PARTNERS bought a new stake in shares of Booking in the first quarter valued at about $290,000. Finally, Cooper Financial Group grew its position in Booking by 5.3% during the first quarter. Cooper Financial Group now owns 238 shares of the business services provider’s stock worth $863,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BKNG. Oppenheimer cut their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Benchmark reduced their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush boosted their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley raised their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Finally, B. Riley lowered their target price on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,130.18.

Booking Price Performance

BKNG stock opened at $4,350.82 on Friday. The stock has a market capitalization of $147.61 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a 50 day moving average price of $3,980.33 and a 200 day moving average price of $3,822.64. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,394.95.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $37.62 earnings per share. As a group, equities analysts expect that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. Booking’s payout ratio is presently 26.25%.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.