Koshinski Asset Management Inc. Sells 4 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Koshinski Asset Management Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100 shares of the business services provider’s stock after selling 4 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Booking were worth $497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC purchased a new position in shares of Booking in the 3rd quarter worth about $29,000. Addison Advisors LLC boosted 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 in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in shares of 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 purchasing an additional 4 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Booking in the 4th quarter worth about $50,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,619.21 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $152.90 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.67 and a beta of 1.41. The stock has a 50 day moving average price of $5,042.68 and a 200-day moving average price of $4,396.71.

Booking Announces Dividend

The business also recently disclosed 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 yield of 0.76%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. Truist Financial upped their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. UBS Group increased their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America increased their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Morgan Stanley increased their target price on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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.