Gateway Investment Advisers LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gateway Investment Advisers LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,938 shares of the business services provider’s stock after selling 419 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Booking were worth $49,376,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BKNG. Geode Capital Management LLC boosted its stake in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC lifted its stake 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 lifted its stake 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 worth $1,763,797,000 after buying an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Booking by 4.1% during 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 worth $1,249,311,000 after acquiring an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Booking by 342,723.5% during 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 acquiring an additional 233,052 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Down 0.1 %

BKNG traded down $5.33 during trading hours on Thursday, hitting $4,824.31. 7,906 shares of the company’s stock were exchanged, compared to its average volume of 203,082. The firm has a market cap of $159.68 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.60 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 has a 50 day moving average of $5,057.06 and a 200 day moving average of $4,363.83.

Booking Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wedbush boosted their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. UBS Group raised their target price 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. Bank of America boosted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, DA Davidson raised their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.