Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 863 shares of the business services provider’s stock after selling 15 shares during the period. Booking makes up approximately 2.5% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 11th biggest holding. Trivant Custom Portfolio Group LLC’s holdings in Booking were worth $4,288,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter worth $25,000. West Financial Advisors LLC acquired a new stake in Booking during the third quarter worth about $29,000. Addison Advisors LLC raised its holdings in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Fairscale Capital LLC acquired a new position in shares of Booking in the 2nd quarter valued at about $41,000. Finally, Carmichael Hill & Associates Inc. grew its holdings in shares of Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

BKNG stock opened at $4,926.80 on Friday. The firm has a fifty day moving average price of $5,052.51 and a two-hundred day moving average price of $4,370.55. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market cap of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s dividend payout ratio (DPR) is 23.75%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BKNG shares. Oppenheimer raised their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Morgan Stanley raised their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Jefferies Financial Group upped their price target 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. Piper Sandler raised their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

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.