W.G. Shaheen & Associates DBA Whitney & Co Has $13.95 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 3,312 shares of the business services provider’s stock after purchasing an additional 17 shares during the period. Booking comprises 1.5% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 26th biggest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Booking were worth $13,951,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Jamison Private Wealth Management Inc. bought a new position in Booking during the third quarter valued at about $25,000. Grove Bank & Trust lifted its stake in shares of Booking by 133.3% in the 2nd 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 bought a new stake in shares of Booking in the 2nd quarter valued at $28,000. Kings Path Partners LLC bought a new stake in shares of Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial boosted their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Barclays increased their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wedbush increased their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America increased their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,785.00.

Booking Price Performance

NASDAQ:BKNG opened at $5,017.78 on Tuesday. The company has a market cap of $166.09 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.55 and a beta of 1.38. The stock’s fifty day moving average price is $4,384.57 and its two-hundred day moving average price is $4,002.18. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,069.44.

Booking Announces Dividend

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

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value 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 represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

Booking 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.