MRA Advisory Group Sells 15 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MRA Advisory Group decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43 shares of the business services provider’s stock after selling 15 shares during the quarter. MRA Advisory Group’s holdings in Booking were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC purchased a new stake in Booking in the third quarter worth about $29,000. Addison Advisors LLC grew its holdings in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Fairscale Capital LLC bought a new position in shares of Booking during the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of Booking by 66.7% during the third 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 last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BKNG. Wedbush upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Barclays raised their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Bank of America upped their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Citigroup raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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 assigned a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Stock Performance

NASDAQ:BKNG opened at $4,763.90 on Tuesday. The stock has a 50-day simple moving average of $5,059.78 and a two-hundred day simple moving average of $4,358.07. The firm has a market capitalization of $157.67 billion, a PE ratio of 32.33, a P/E/G ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

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.