Zions Bancorporation N.A. Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Zions Bancorporation N.A. decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 57.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43 shares of the business services provider’s stock after selling 57 shares during the quarter. Zions Bancorporation N.A.’s holdings in Booking were worth $181,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust increased its holdings in shares of Booking by 133.3% in the second 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 period. POM Investment Strategies LLC purchased a new stake in shares of Booking during the second quarter worth approximately $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new position in Booking in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,975.19 on Friday. The company has a market cap of $164.68 billion, a P/E ratio of 33.59, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The company has a 50-day moving average of $4,335.39 and a 200-day moving average of $3,973.41.

Booking Dividend Announcement

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

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. BMO Capital Markets increased their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Wedbush upped their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

About Booking

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.