Salvus Wealth Management LLC Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Salvus Wealth Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 28.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 952 shares of the business services provider’s stock after selling 370 shares during the period. Booking makes up about 3.0% of Salvus Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Salvus Wealth Management LLC’s holdings in Booking were worth $4,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter worth approximately $25,000. West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter valued at $29,000. Addison Advisors LLC boosted its stake in 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 acquiring an additional 4 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Booking during the second quarter valued at about $41,000. Finally, Carmichael Hill & Associates Inc. grew its position in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.7 %

Shares of Booking stock opened at $4,865.00 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market cap of $161.03 billion, a PE ratio of 33.01, a P/E/G ratio of 1.60 and a beta of 1.41. The business has a 50 day moving average of $5,053.63 and a 200 day moving average of $4,367.09.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BKNG. DA Davidson boosted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Susquehanna raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Bank of America boosted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Citigroup lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Ten research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.