Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Geller Advisors LLC

Geller Advisors LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 48.1% during the third quarter, HoldingsChannel reports. The firm owned 134 shares of the business services provider’s stock after selling 124 shares during the quarter. Geller Advisors LLC’s holdings in Booking were worth $564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Garner Asset Management Corp increased its holdings in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 2 shares during the last quarter. American National Bank boosted its stake in 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 acquiring an additional 3 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after acquiring an additional 3 shares in the last quarter. Jacobsen Capital Management increased its position in shares of Booking by 1.6% in the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares during the last quarter. Finally, Optas LLC increased its holdings in shares of Booking by 2.9% in the 2nd quarter. Optas LLC now owns 107 shares of the business services provider’s stock valued at $424,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

BKNG stock opened at $5,300.34 on Monday. The business has a 50-day moving average of $4,705.52 and a 200-day moving average of $4,145.94. Booking Holdings Inc. has a fifty-two week low of $3,177.16 and a fifty-two week high of $5,337.20. The stock has a market capitalization of $175.44 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.66%. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BKNG shares. BMO Capital Markets raised their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JMP Securities raised their target price on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,837.17.

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.