Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135 shares of the business services provider’s stock after selling 12 shares during the quarter. Triangle Securities Wealth Management’s holdings in Booking were worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the third quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new position in shares of Booking in the 3rd quarter valued at $29,000. Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Booking during the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. UBS Group lifted their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Citigroup lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Stock Performance

BKNG opened at $4,926.80 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a 50-day moving average of $5,052.18 and a 200-day moving average of $4,377.78. The company has a market capitalization of $163.08 billion, a P/E ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

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