Trust Co. of Toledo NA OH sells 23 shares of Booking Holdings Inc. (NASDAQ:BKNG)

Trust Co. of Toledo NA OH reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 4.3% in the third quarter, Holdings Channel reports. The firm owned 517 shares of the business services provider’s stock after selling 23 shares during the quarter. Investments Trust Co. Toledo NA OH’s holdings in Booking were worth $2,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have added to or reduced their stakes in the company. Grove Bank & Trust raised 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 buying an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking in the second quarter valued at $28,000. Kings Path Partners LLC bought a new stake in Booking in the second quarter valued at $28,000. Financial Connections Group Inc. purchased a new position in Booking in the second quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Booking in the second quarter valued at approximately $32,000. Institutional investors own 92.42% of the company’s shares.

Reserve stock performance

Booking stock opened at $4,125.01 on Thursday. The stock has a fifty day moving average of $3,805.62 and a 200 day moving average of $3,766.25. The stock has a market cap of $138.27 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $2,733.04 and a 52-week high of $4,272.88.

Booking (NASDAQ:BKNG – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. In the same period last year, the company posted EPS of $37.62. On average, research analysts estimate that Booking Holdings Inc. will post 176.92 earnings per share for the current year.

Booking announces dividends

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid an $8.75 dividend. This represents a dividend of $35.00 on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, September 6. The reservation payout rate is 26.25%.

Analyst upgrades and downgrades

BKNG has been the subject of a number of research reports. Tigress Financial boosted their price target on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Oppenheimer cut their price target on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Truist Financial began coverage on shares of Booking in a research report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price objective on the stock. DA Davidson cut their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,064.21.

Check out BKNG’s latest stock report

Internal activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares in the company, valued at approximately $100,556,375.65. The disclosure for this sale can be found here. 0.12% of shares are currently owned by company insiders.

Booking company profile

(Free Report)

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant reservations and related services. The company, through its online travel companies (OTC), connects consumers seeking to make travel reservations with travel service providers around the world. It offers consumers a wide range of accommodation bookings (including hotels, B&Bs, B&Bs, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.

Featured stories

Want to see what other hedge funds own BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).

Receive news and booking reviews daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Booking and related companies with MarketBeat.com’s FREE daily email newsletter.