Regatta Capital Group LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Regatta Capital Group LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 757 shares of the business services provider’s stock after selling 128 shares during the period. Booking makes up approximately 0.7% of Regatta Capital Group LLC’s portfolio, making the stock its 26th largest position. Regatta Capital Group LLC’s holdings in Booking were worth $3,763,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BKNG. Clarendon Private LLC acquired a new stake in shares of Booking in the fourth quarter valued at $904,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Booking during the 4th quarter worth about $308,000. Investment Research & Advisory Group Inc. lifted its position in shares of Booking by 0.4% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 687 shares of the business services provider’s stock worth $3,413,000 after buying an additional 3 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in Booking in the fourth quarter valued at $204,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 1.1 %

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

Booking Dividend Announcement

The business also recently declared 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. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BKNG shares. Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Susquehanna boosted their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird initiated coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.