Fifth Third Wealth Advisors LLC Lowers Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Fifth Third Wealth Advisors LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304 shares of the business services provider’s stock after selling 17 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Booking were worth $1,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BKNG. Sheaff Brock Investment Advisors LLC grew its position in Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after acquiring an additional 3 shares in the last quarter. CVA Family Office LLC increased its position in shares of Booking by 8.1% during the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3 shares during the last quarter. American National Bank raised its holdings in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after buying an additional 3 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Booking by 3.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after buying an additional 3 shares during the last quarter. Finally, Jacobsen Capital Management boosted its stake in Booking by 1.6% in the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after buying an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were 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 trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.

Booking Trading Down 0.8 %

Booking stock opened at $4,976.99 on Wednesday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The firm has a market capitalization of $164.74 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.55 and a beta of 1.38. The firm has a 50 day moving average of $4,407.41 and a 200 day moving average of $4,012.03.

Booking Dividend Announcement

The business 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 is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BKNG shares. Jefferies Financial Group lifted their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Barclays lifted their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

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.