Portside Wealth Group LLC Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Portside Wealth Group LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 80 shares of the business services provider’s stock after selling 4 shares during the quarter. Portside Wealth Group LLC’s holdings in Booking were worth $397,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Garner Asset Management Corp lifted its holdings in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares in the last quarter. Optimist Retirement Group LLC lifted its holdings in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. Quent Capital LLC lifted its holdings in shares of Booking by 2.7% during the 3rd quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after acquiring an additional 3 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Booking by 23.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Booking by 1.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BKNG shares. Wells Fargo & Company cut their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Wedbush raised their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Tigress Financial raised their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Finally, B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Price Performance

BKNG stock opened at $4,926.80 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a fifty day moving average price of $5,052.18 and a two-hundred day moving average price of $4,377.78. The firm has a market cap of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s payout ratio is 23.75%.

About Booking

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.