Booking Holdings Inc. (NASDAQ:BKNG) Position Trimmed by Clarius Group LLC

Clarius Group LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 285 shares of the business services provider’s stock after selling 12 shares during the period. Clarius Group LLC’s holdings in Booking were worth $1,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Icon Wealth Advisors LLC boosted its holdings in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Booking in the 3rd quarter valued at approximately $5,322,600,000. Empirical Asset Management LLC acquired a new position in Booking in the 4th quarter worth approximately $207,089,000. Harvard Management Co. Inc. purchased a new position in Booking during the 3rd quarter worth approximately $155,427,000. Finally, 1832 Asset Management L.P. raised its stake in Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKNG shares. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. B. Riley raised their price objective 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. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Bank of America raised their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets upped their price objective 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. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

Booking stock opened at $4,926.80 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a market capitalization of $163.08 billion, a PE ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41. The business’s 50-day simple moving average is $5,052.18 and its 200-day simple moving average is $4,377.78.

Booking Announces Dividend

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