Harel Insurance Investments & Financial Services Ltd. Sells 93 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 349 shares of the business services provider’s stock after selling 93 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booking were worth $1,734,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new stake in Booking in the third quarter valued at approximately $29,000. Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the third 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. increased its holdings in shares of Booking by 66.7% during the third 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 in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Booking in the 4th quarter valued at $50,000. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BKNG. Piper Sandler upped their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Trading Down 1.1 %

Booking stock opened at $4,764.89 on Friday. The stock has a market cap of $157.72 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. The company’s 50-day moving average price is $5,032.26 and its two-hundred day moving average price is $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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

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.