Mendota Financial Group LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mendota Financial Group LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37 shares of the business services provider’s stock after selling 14 shares during the period. Mendota Financial Group LLC’s holdings in Booking were worth $184,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC grew its holdings in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Booking during the 3rd quarter valued at approximately $5,322,600,000. Harvard Management Co. Inc. purchased a new position in shares of Booking in the third quarter valued at $155,427,000. 1832 Asset Management L.P. increased its position in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in Booking during the second quarter valued at $125,615,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BKNG shares. Morgan Stanley lifted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday. Wedbush lifted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Royal Bank of Canada upped their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, JMP Securities restated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Stock Performance

NASDAQ BKNG opened at $4,763.90 on Tuesday. The firm has a market capitalization of $157.67 billion, a P/E ratio of 32.33, a PEG ratio of 2.11 and a beta of 1.41. The stock has a 50-day simple moving average of $5,059.78 and a two-hundred day simple moving average of $4,358.07. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is presently 23.75%.

About Booking

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.