Harbour Capital Advisors LLC Sells 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Harbour Capital Advisors LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,019 shares of the business services provider’s stock after selling 5 shares during the period. Booking makes up approximately 1.1% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Harbour Capital Advisors LLC’s holdings in Booking were worth $4,997,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its position in Booking by 13.4% in the second quarter. LPL Financial LLC now owns 12,936 shares of the business services provider’s stock valued at $51,246,000 after purchasing an additional 1,528 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Booking during the 2nd quarter worth approximately $361,000. Dai ichi Life Insurance Company Ltd increased its stake in shares of Booking by 34.0% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 1,336 shares of the business services provider’s stock worth $5,293,000 after purchasing an additional 339 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Booking by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 60,861 shares of the business services provider’s stock valued at $241,100,000 after buying an additional 1,987 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Booking by 40.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,255 shares of the business services provider’s stock worth $4,972,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Barclays upped their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,987.04.

Booking Stock Performance

BKNG traded up $23.34 during trading on Monday, reaching $4,762.89. The company’s stock had a trading volume of 121,609 shares, compared to its average volume of 213,581. The company’s fifty day moving average price is $5,060.04 and its 200-day moving average price is $4,352.76. The company has a market capitalization of $157.64 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth 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. 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 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is currently 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.