B & T Capital Management DBA Alpha Capital Management Has $8 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

B & T Capital Management DBA Alpha Capital Management lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,611 shares of the business services provider’s stock after selling 16 shares during the quarter. Booking accounts for approximately 1.5% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 19th largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Booking were worth $8,004,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT grew its position in shares of Booking by 46.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 310 shares of the business services provider’s stock valued at $1,228,000 after buying an additional 99 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Booking by 2.0% in the second quarter. Brighton Jones LLC now owns 253 shares of the business services provider’s stock worth $1,002,000 after acquiring an additional 5 shares during the period. Ieq Capital LLC boosted its holdings in Booking by 7.7% in the second quarter. Ieq Capital LLC now owns 3,132 shares of the business services provider’s stock valued at $12,407,000 after acquiring an additional 225 shares during the last quarter. Benjamin Edwards Inc. increased its position in Booking by 51.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 298 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 101 shares during the period. Finally, Bridges Investment Management Inc. raised its holdings in Booking by 105.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 509 shares of the business services provider’s stock worth $2,016,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $4,926.80 on Friday. The company has a market capitalization 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 Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a 50-day simple moving average of $5,052.51 and a two-hundred day simple moving average of $4,370.55.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

BKNG has been the topic of a number of analyst reports. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Wells Fargo & Company cut their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday. BMO Capital Markets lifted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays upped their target price on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Tigress Financial boosted their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Ten equities research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.