Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 813 shares of the business services provider’s stock after selling 17 shares during the period. Petredis Investment Advisors LLC’s holdings in Booking were worth $4,039,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the 3rd quarter worth about $25,000. West Financial Advisors LLC purchased a new stake in Booking during the 3rd quarter worth about $29,000. Addison Advisors LLC lifted its holdings in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Booking during the 4th quarter worth about $50,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,764.89 on Friday. The stock has a market cap of $157.72 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41. The firm has a 50 day moving average price of $5,032.26 and a 200 day moving average price of $4,401.19. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Oppenheimer boosted their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Finally, Morgan Stanley boosted their price target on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.