Central Pacific Bank Trust Division Sells 56 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Central Pacific Bank Trust Division decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 957 shares of the business services provider’s stock after selling 56 shares during the quarter. Booking accounts for approximately 0.6% of Central Pacific Bank Trust Division’s holdings, making the stock its 29th biggest holding. Central Pacific Bank Trust Division’s holdings in Booking were worth $4,755,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BKNG. Icon Wealth Advisors LLC grew its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Booking during the third quarter worth about $5,322,600,000. Harvard Management Co. Inc. acquired a new stake in shares of Booking during the third quarter worth approximately $155,427,000. 1832 Asset Management L.P. raised its stake in shares of 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 valued at $282,590,000 after acquiring an additional 36,710 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of Booking in the 2nd quarter worth approximately $125,615,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 0.1 %

Shares of NASDAQ BKNG traded down $5.81 during midday trading on Friday, reaching $4,919.48. The company’s stock had a trading volume of 74,751 shares, compared to its average volume of 107,548. The stock has a 50 day simple moving average of $5,018.40 and a 200-day simple moving average of $4,311.36. The stock has a market capitalization of $162.82 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

BKNG has been the topic of several research reports. The Goldman Sachs Group upped their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Susquehanna boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler boosted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. 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 MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,945.96.

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.