B. Riley Wealth Advisors Inc. Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

B. Riley Wealth Advisors Inc. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 280 shares of the business services provider’s stock after selling 12 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Booking were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after acquiring an additional 11,649 shares during the period. Finally, Icon Wealth Advisors LLC grew its stake in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. The Goldman Sachs Group raised their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Finally, UBS Group lifted their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,866.03.

Booking Stock Up 0.1 %

Shares of BKNG opened at $5,154.96 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market cap of $170.61 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 2.11 and a beta of 1.41. The business has a 50-day simple moving average of $4,851.49 and a two-hundred day simple moving average of $4,216.60.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.68%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.