MRA Advisory Group Sells 15 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MRA Advisory Group reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43 shares of the business services provider’s stock after selling 15 shares during the quarter. MRA Advisory Group’s holdings in Booking were worth $212,000 at the end of the most recent quarter.

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

Booking Stock Up 0.5 %

NASDAQ:BKNG opened at $4,763.90 on Tuesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock has a market cap of $157.67 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm’s fifty day simple moving average is $5,059.78 and its 200 day simple moving average is $4,358.07.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

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.