Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,219 shares of the business services provider’s stock after selling 82 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Booking were worth $6,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BKNG. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the period. Principal Financial Group Inc. raised its holdings in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares in the last quarter. Cumberland Partners Ltd lifted its position in Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares during the period. Finally, Icon Wealth Advisors LLC boosted its holdings in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BKNG shares. 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. Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Tigress Financial raised their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. 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 company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Stock Performance

BKNG traded up $22.69 on Monday, reaching $4,762.24. 102,008 shares of the company’s stock were exchanged, compared to its average volume of 210,792. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company’s 50 day moving average is $5,060.04 and its 200-day moving average is $4,352.76. The company has a market cap of $157.62 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. 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.