Booking Holdings Inc. (NASDAQ:BKNG) is Renaissance Investment Group LLC’s 10th Largest Position

Renaissance Investment Group LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,881 shares of the business services provider’s stock after selling 38 shares during the quarter. Booking accounts for approximately 3.0% of Renaissance Investment Group LLC’s portfolio, making the stock its 10th largest holding. Renaissance Investment Group LLC’s holdings in Booking were worth $14,315,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKNG shares. Wells Fargo & Company decreased their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, Tigress Financial lifted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Stock Performance

Shares of 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 market cap of $163.08 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The firm has a fifty day moving average of $5,052.18 and a 200-day moving average of $4,377.78.

Booking Dividend Announcement

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