Segment Wealth Management LLC Sells 19 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Segment Wealth Management LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387 shares of the business services provider’s stock after selling 19 shares during the quarter. Segment Wealth Management LLC’s holdings in Booking were worth $1,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its stake in 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 acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Booking during the 2nd quarter valued at $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC bought a new position in Booking in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.3 %

Shares of BKNG stock opened at $4,377.78 on Wednesday. The firm has a market cap of $146.74 billion, a P/E ratio of 30.65, a PEG ratio of 1.33 and a beta of 1.40. The company has a 50 day moving average of $4,015.02 and a 200-day moving average of $3,835.37. Booking Holdings Inc. has a 12-month low of $2,733.04 and a 12-month high of $4,395.00.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data 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. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $37.62 EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 177.05 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued 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 dividend payout ratio (DPR) is 24.50%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKNG. Oppenheimer decreased their target price 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. JPMorgan Chase & Co. decreased their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Benchmark lowered their price target on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research note on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on shares of 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. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,133.75.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction 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 in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.12% of the company’s stock.

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.