Central Pacific Bank Trust Division Has $4.76 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Central Pacific Bank Trust Division cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 957 shares of the business services provider’s stock after selling 56 shares during the period. Booking accounts for 0.6% of Central Pacific Bank Trust Division’s holdings, making the stock its 29th largest position. Central Pacific Bank Trust Division’s holdings in Booking were worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Booking by 5.3% during the 2nd quarter. Van ECK Associates Corp now owns 967 shares of the business services provider’s stock worth $3,831,000 after purchasing an additional 49 shares in the last quarter. Gries Financial LLC raised its holdings in Booking by 5.1% in the 2nd quarter. Gries Financial LLC now owns 123 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 6 shares in the last quarter. Range Financial Group LLC lifted its position in shares of Booking by 3.9% during the 2nd quarter. Range Financial Group LLC now owns 692 shares of the business services provider’s stock valued at $2,741,000 after acquiring an additional 26 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in shares of Booking by 5.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 154 shares of the business services provider’s stock worth $610,000 after purchasing an additional 8 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its position in shares of Booking by 61.3% in the second quarter. Chase Investment Counsel Corp now owns 1,244 shares of the business services provider’s stock worth $4,621,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a research note on Wednesday, December 11th. Finally, Mizuho boosted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,945.96.

Booking Stock Down 0.1 %

Booking stock traded down $5.81 during trading hours on Friday, reaching $4,919.48. 74,751 shares of the company’s stock were exchanged, compared to its average volume of 107,548. The firm has a market capitalization of $162.82 billion, a PE ratio of 33.38, a PEG ratio of 2.11 and a beta of 1.41. The firm’s 50 day simple moving average is $5,018.40 and its 200 day simple moving average is $4,311.36. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. Booking’s payout ratio 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.