Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 55.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140 shares of the business services provider's stock after selling 177 shares during the period. Oppenheimer & Co. Inc.'s holdings in Booking were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new position in Booking during the third quarter worth about $25,000. Grove Bank & Trust boosted its stake 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 position in shares of Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking in the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the business's 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 owns 3,787 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a report on Friday, November 1st. Mizuho raised their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Bank of America raised their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $4,785.00.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,016.43 on Thursday. The firm has a market capitalization of $166.03 billion, a P/E ratio of 34.04, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,069.44. The company's fifty day moving average is $4,431.19 and its two-hundred day moving average is $4,019.06.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. Booking's dividend payout ratio is presently 23.75%.

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.