ST Germain D J Co. Inc. Has $28.32 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

ST Germain D J Co. Inc. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,723 shares of the business services provider's stock after selling 231 shares during the quarter. Booking makes up 1.3% of ST Germain D J Co. Inc.'s portfolio, making the stock its 15th biggest holding. ST Germain D J Co. Inc.'s holdings in Booking were worth $28,318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter valued at $25,000. Grove Bank & Trust lifted its position 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 acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Booking in the second quarter valued at $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the second quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

BKNG traded down $19.95 on Friday, reaching $4,350.82. The company's stock had a trading volume of 146,110 shares, compared to its average volume of 194,683. The stock has a market cap of $147.61 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,733.04 and a 1 year high of $4,394.95. The business's 50 day moving average is $3,980.33 and its 200 day moving average is $3,822.64.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts' consensus estimates of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $37.62 earnings per share. As a group, research analysts forecast that Booking Holdings Inc. will post 176.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, September 6th. Booking's dividend payout ratio is currently 26.25%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company's stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BKNG shares. Tigress Financial upped their price objective on Booking from $4,285.00 to $4,580.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 9th. DA Davidson dropped their target price on Booking from $4,150.00 to $4,100.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. B. Riley dropped their target price on Booking from $4,900.00 to $4,650.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Booking from $4,275.00 to $4,105.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Ten investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4,130.18.

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.