Parsons Capital Management Inc. RI Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Parsons Capital Management Inc. RI trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,064 shares of the business services provider’s stock after selling 100 shares during the period. Parsons Capital Management Inc. RI’s holdings in Booking were worth $5,286,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking in the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking during the 3rd quarter worth approximately $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. Addison Advisors LLC increased its holdings in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,696.54 on Monday. The stock has a market capitalization of $155.46 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company’s fifty day moving average is $5,028.05 and its two-hundred day moving average is $4,412.56.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.75%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

Several brokerages have commented on BKNG. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Piper Sandler raised their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Mizuho raised their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Bank of America lifted their price objective 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, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Ten investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.