Anchor Investment Management LLC Sells 22 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Anchor Investment Management LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 463 shares of the business services provider’s stock after selling 22 shares during the period. Anchor Investment Management LLC’s holdings in Booking were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC raised its position in shares of Booking by 700.0% in the second quarter. ORG Partners LLC now owns 16 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 14 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Booking by 1.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,057 shares of the business services provider’s stock valued at $4,186,000 after purchasing an additional 14 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Booking by 1.4% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 287 shares of the business services provider’s stock valued at $1,182,000 after buying an additional 4 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of Booking by 106.9% during the 2nd quarter. Miracle Mile Advisors LLC now owns 120 shares of the business services provider’s stock valued at $475,000 after acquiring an additional 62 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Booking by 100.0% in the 2nd quarter. Blue Trust Inc. now owns 78 shares of the business services provider’s stock worth $283,000 after buying an additional 39 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,866.03.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,268.93 on Friday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market capitalization of $174.40 billion, a P/E ratio of 35.75, a P/E/G ratio of 2.14 and a beta of 1.41. The company’s 50-day moving average is $4,769.32 and its 200 day moving average is $4,173.46.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.66%. Booking’s dividend payout ratio (DPR) 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.