Doliver Advisors LP Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Doliver Advisors LP decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 607 shares of the business services provider’s stock after selling 28 shares during the period. Booking comprises approximately 0.8% of Doliver Advisors LP’s holdings, making the stock its 19th largest position. Doliver Advisors LP’s holdings in Booking were worth $3,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Principal Financial Group Inc. increased its holdings in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares in the last quarter. Finally, Infusive Asset Management Inc. boosted its position in shares of Booking by 75.9% in the third quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after purchasing an additional 516 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BKNG shares. BMO Capital Markets lifted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. 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 report on Friday, November 1st. B. Riley increased their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Finally, Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Ten 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. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,972.75.

Booking Trading Down 0.0 %

Shares of BKNG stock traded down $1.11 on Monday, reaching $4,902.74. 168,631 shares of the company’s stock were exchanged, compared to its average volume of 157,293. The company’s fifty day simple moving average is $5,029.52 and its 200 day simple moving average is $4,322.82. The stock has a market capitalization of $162.27 billion, a PE ratio of 33.27, a P/E/G ratio of 2.11 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.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

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.