Brighton Jones LLC Sells 67 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Brighton Jones LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186 shares of the business services provider’s stock after selling 67 shares during the period. Brighton Jones LLC’s holdings in Booking were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust raised its position in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC bought a new position in Booking during the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new position in Booking during the 3rd quarter valued at approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.2 %

Shares of Booking stock opened at $4,347.82 on Friday. The firm has a market cap 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 business has a 50-day moving average price of $4,043.91 and a 200-day moving average price of $3,842.18. Booking Holdings Inc. has a twelve month low of $2,733.04 and a twelve month high of $4,395.00.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 0.81%. Booking’s dividend payout ratio is currently 24.50%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company upped their price target on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,256.89.

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.