Montecito Bank & Trust Has $1.15 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Montecito Bank & Trust raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 106.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272 shares of the business services provider’s stock after acquiring an additional 140 shares during the period. Montecito Bank & Trust’s holdings in Booking were worth $1,146,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Booking in the third quarter valued at approximately $5,322,600,000. Bessemer Group Inc. lifted its position in shares of Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after buying an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking during the second quarter worth $125,615,000. 92.42% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Stock Up 1.8 %

Shares of NASDAQ BKNG opened at $5,001.19 on Thursday. The firm has a market cap of $165.54 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. The company’s 50-day simple moving average is $4,199.26 and its 200-day simple moving average is $3,914.68. Booking Holdings Inc. has a 52-week low of $2,963.75 and a 52-week high of $5,060.50.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of research firms have recently commented on BKNG. Piper Sandler increased their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Wedbush lifted their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial upped their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday. Finally, DA Davidson boosted their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

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.