McCarthy Asset Management Inc. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129 shares of the business services provider’s stock after selling 12 shares during the period. Booking comprises about 0.3% of McCarthy Asset Management Inc.’s portfolio, making the stock its 22nd biggest position. McCarthy Asset Management Inc.’s holdings in Booking were worth $543,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust boosted its holdings in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on BKNG. Deutsche Bank Aktiengesellschaft upped their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Morgan Stanley increased their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,837.17.
Booking Stock Down 2.8 %
Booking stock opened at $5,149.60 on Tuesday. The firm has a market capitalization of $170.45 billion, a PE ratio of 34.94, a P/E/G ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.20. The firm’s 50-day simple moving average is $4,724.27 and its 200 day simple moving average is $4,155.78.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.68%. Booking’s dividend payout ratio is presently 23.75%.
Booking Company 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.
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