Bristlecone Advisors LLC Sells 4 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Bristlecone Advisors LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 882 shares of the business services provider’s stock after selling 4 shares during the quarter. Bristlecone Advisors LLC’s holdings in Booking were worth $3,715,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Consilio Wealth Advisors LLC boosted its position in Booking by 1.7% during the first quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Booking by 14.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after buying an additional 3 shares during the period. Hexagon Capital Partners LLC grew its stake in Booking by 30.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock valued at $47,000 after buying an additional 3 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 3 shares during the period. Finally, Team Hewins LLC lifted its position in Booking by 1.7% during the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock worth $660,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. JPMorgan Chase & Co. lowered their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a research report on Monday, August 5th. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Oppenheimer upped their price target on shares of Booking from $4,200.00 to $5,000.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,256.89.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $4,347.82 on Friday. Booking Holdings Inc. has a 52 week low of $2,733.04 and a 52 week high of $4,395.00. The stock has a market capitalization of $145.74 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.33 and a beta of 1.40. The stock has a fifty day moving average of $4,058.49 and a 200-day moving average of $3,849.23.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the previous year, the business posted $37.62 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Booking Holdings Inc. will post 177.17 EPS for the current year.

Booking Announces Dividend

The company 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is presently 24.50%.

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.