Physician Wealth Advisors Inc. Sells 24 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Physician Wealth Advisors Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87 shares of the business services provider’s stock after selling 24 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Booking were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the 3rd quarter worth about $25,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Booking in the second quarter worth approximately $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.7 %

BKNG opened at $4,337.27 on Thursday. The company has a market cap of $147.15 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The firm’s 50-day moving average price is $3,942.66 and its 200-day moving average price is $3,811.55. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,371.17.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the business posted $37.62 EPS. Booking’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Booking Holdings Inc. will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared 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 of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. Booking’s dividend payout ratio is currently 26.25%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, 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 SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BKNG. Oppenheimer cut their price objective on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company raised their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Truist Financial started coverage on shares of Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price on the stock. Finally, Barclays lifted their price target on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,130.18.

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.