Tealwood Asset Management Inc. Has $1.77 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Tealwood Asset Management Inc. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 356 shares of the business services provider’s stock after selling 6 shares during the period. Tealwood Asset Management Inc.’s holdings in Booking were worth $1,769,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter valued at about $25,000. West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter worth approximately $29,000. Addison Advisors LLC increased 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 valued at $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 worth about $41,000. Finally, Carmichael Hill & Associates Inc. increased its position in Booking by 66.7% during the 3rd 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 period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.5 %

NASDAQ:BKNG opened at $4,763.90 on Tuesday. The stock has a market capitalization of $157.67 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm’s 50 day moving average is $5,059.78 and its 200 day moving average is $4,358.07.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. Booking’s dividend payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BKNG shares. Robert W. Baird started coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

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.