GRIMES & Co WEALTH MANAGEMENT LLC Has $974,000 Stock Holdings in Booking Holdings Inc. $BKNG

GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 339.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 180 shares of the business services provider’s stock after buying an additional 139 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Booking were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Booking during the fourth quarter worth approximately $209,000. Apella Capital LLC raised its position in shares of Booking by 5.7% in the second quarter. Apella Capital LLC now owns 56 shares of the business services provider’s stock valued at $327,000 after buying an additional 3 shares in the last quarter. Webster Bank N. A. boosted its stake in shares of Booking by 10.4% in the second quarter. Webster Bank N. A. now owns 85 shares of the business services provider’s stock valued at $492,000 after buying an additional 8 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in Booking during the second quarter worth approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. Seaport Global Securities lifted their price objective on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 price target on Booking in a research note on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald upped their price target on shares of Booking from $5,550.00 to $5,830.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,179.42.

Booking Trading Down 1.4%

Shares of Booking stock opened at $5,314.71 on Wednesday. The firm has a market capitalization of $171.31 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. The firm’s 50 day moving average is $5,171.14 and its 200 day moving average is $5,368.86. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $83.39 earnings per share. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were given a dividend of $9.60 per share. The ex-dividend date was Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is currently 24.96%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 571 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,414.53, for a total value of $3,091,696.63. Following the completion of the transaction, the chief executive officer owned 21,010 shares in the company, valued at $113,759,275.30. This trade represents a 2.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paulo Pisano sold 200 shares of Booking stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,296 shares of company stock valued at $11,862,154 over the last three months. Company insiders own 0.16% of the company’s stock.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.