Silvant Capital Management LLC Has $4.30 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Silvant Capital Management LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,021 shares of the business services provider’s stock after selling 26 shares during the quarter. Silvant Capital Management LLC’s holdings in Booking were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter valued at $25,000. Grove Bank & Trust grew its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Booking during the second quarter worth approximately $28,000. Kings Path Partners LLC bought a new position in Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the 3rd quarter worth $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 1.6 %

Shares of BKNG opened at $4,749.11 on Friday. Booking Holdings Inc. has a 52 week low of $2,756.39 and a 52 week high of $4,856.60. The stock has a market cap of $159.19 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.45 and a beta of 1.40. The business’s 50 day moving average price is $4,136.96 and its 200-day moving average price is $3,880.99.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $77.94 by $5.95. The business had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. On average, equities analysts anticipate that Booking Holdings Inc. will post 177.37 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Insider Activity

In other 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday. Jefferies Financial Group raised their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Oppenheimer increased their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4,680.18.

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.