Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,554 shares of the business services provider's stock after selling 496 shares during the period. Peapack Gladstone Financial Corp's holdings in Booking were worth $27,606,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the third quarter valued at $25,000. Grove Bank & Trust grew its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock valued at $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC acquired a new stake in Booking during the second quarter valued at $28,000. Kings Path Partners LLC acquired a new stake in Booking during the second quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the third quarter valued at $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of Booking stock traded down $41.32 on Friday, reaching $5,227.61. The company had a trading volume of 141,130 shares, compared to its average volume of 245,167. The firm's 50 day moving average price is $4,792.61 and its two-hundred day moving average price is $4,181.06. The firm has a market cap of $173.03 billion, a PE ratio of 35.58, a PEG ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio (DPR) is 23.75%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Susquehanna lifted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JMP Securities reiterated a "market outperform" rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4,866.03.

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.