Axxcess Wealth Management LLC Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Axxcess Wealth Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 22.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55 shares of the business services provider’s stock after selling 16 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Booking were worth $232,000 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. purchased a new position in Booking in the third quarter valued at $25,000. Grove Bank & Trust boosted its stake in 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 acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter valued at $28,000. Kings Path Partners LLC acquired a new position in Booking in the second quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the third quarter valued at $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Down 0.3 %

Shares of Booking stock opened at $4,970.98 on Friday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,069.44. The stock has a market cap of $164.54 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The company has a 50-day moving average of $4,311.61 and a two-hundred day moving average of $3,966.44.

Booking Announces Dividend

The business 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 $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKNG. Wells Fargo & Company upped their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Truist Financial upped their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Company 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.