Arkadios Wealth Advisors Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Arkadios Wealth Advisors trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,044 shares of the business services provider’s stock after selling 6 shares during the quarter. Arkadios Wealth Advisors’ holdings in Booking were worth $5,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its holdings in Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB raised its position in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares during the period. Cumberland Partners Ltd grew its position in Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after buying an additional 100 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,926.80 on Friday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market capitalization of $163.08 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41. The company’s 50 day simple moving average is $5,052.51 and its 200 day simple moving average is $4,370.55.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKNG. Susquehanna raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Bank of America boosted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird assumed coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Finally, Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.