Apollon Wealth Management LLC Decreases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Apollon Wealth Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 724 shares of the business services provider’s stock after selling 71 shares during the period. Apollon Wealth Management LLC’s holdings in Booking were worth $3,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the 3rd quarter worth $25,000. Grove Bank & Trust boosted its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Booking in the second quarter worth about $28,000. Kings Path Partners LLC bought a new stake in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking during the 3rd quarter valued at approximately $29,000. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of BKNG stock opened at $5,022.92 on Wednesday. The business has a 50-day moving average of $4,263.66 and a 200 day moving average of $3,948.67. Booking Holdings Inc. has a 1-year low of $3,076.54 and a 1-year high of $5,069.44. The stock has a market capitalization of $166.26 billion, a PE ratio of 34.08, a P/E/G ratio of 1.58 and a beta of 1.38.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BKNG shares. Morgan Stanley boosted their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Truist Financial lifted 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, November 7th. Barclays raised their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Susquehanna upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Eleven 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

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.