Booking Holdings Inc. (NASDAQ:BKNG) Position Cut by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 802 shares of the business services provider’s stock after selling 3 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Booking were worth $3,985,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking during the 3rd quarter valued at about $25,000. West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter valued at approximately $29,000. Addison Advisors LLC boosted its position in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the period. Carmichael Hill & Associates Inc. grew its holdings in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Booking in the 4th quarter valued at approximately $50,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG opened at $4,764.89 on Friday. The company has a market cap of $157.72 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The stock has a 50-day moving average of $5,028.05 and a 200-day moving average of $4,406.60. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Dividend Announcement

The business 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 was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Citigroup raised their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Finally, Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target 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.