WASHINGTON TRUST Co Sells 80 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

WASHINGTON TRUST Co trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,497 shares of the business services provider's stock after selling 80 shares during the quarter. WASHINGTON TRUST Co's holdings in Booking were worth $20,717,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BKNG. Kingswood Wealth Advisors LLC increased its holdings in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares during the period. Point72 Europe London LLP bought a new position in Booking in the fourth quarter valued at approximately $15,054,000. Sequoia Financial Advisors LLC raised its position in Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in Booking during the fourth quarter worth $994,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Booking by 1.4% in the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the transaction, the chief executive officer directly owned 27,646 shares of the company's stock, valued at approximately $148,073,911.22. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler dropped their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. B. Riley upped their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company upped their target price on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5,388.37.

Booking Stock Up 0.4%

BKNG traded up $20.73 during midday trading on Thursday, hitting $5,722.49. The company had a trading volume of 131,159 shares, compared to its average volume of 247,858. The stock's 50 day moving average price is $5,343.87 and its 200 day moving average price is $4,966.95. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,799.01. The company has a market capitalization of $186.21 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.78 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 143.67% and a net margin of 22.58%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business posted $20.39 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $9.60 per share. The ex-dividend date was Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.67%. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.