Relyea Zuckerberg Hanson LLC Buys New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Relyea Zuckerberg Hanson LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50 shares of the business services provider’s stock, valued at approximately $248,000.

Several other hedge funds also recently made changes to their positions in the business. CNB Bank grew its holdings in shares of Booking by 8.3% in the 4th quarter. CNB Bank now owns 234 shares of the business services provider’s stock valued at $1,163,000 after acquiring an additional 18 shares in the last quarter. Avanza Fonder AB acquired a new position in Booking during the fourth quarter valued at approximately $11,934,000. Empirical Asset Management LLC bought a new position in Booking in the fourth quarter valued at approximately $207,089,000. Retireful LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $442,000. Finally, Ritholtz Wealth Management raised its stake in shares of Booking by 12.2% during the 4th quarter. Ritholtz Wealth Management now owns 1,069 shares of the business services provider’s stock worth $5,312,000 after purchasing an additional 116 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

BKNG opened at $4,926.80 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market cap of $163.08 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The business’s fifty day moving average is $5,052.51 and its 200-day moving average is $4,370.55.

Booking Announces Dividend

The company 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. This represents a $35.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BKNG shares. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Royal Bank of Canada upped their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has a consensus 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.