Portside Wealth Group LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Portside Wealth Group LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80 shares of the business services provider’s stock after selling 4 shares during the period. Portside Wealth Group LLC’s holdings in Booking were worth $397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC lifted its stake in shares of Booking by 13.8% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 66 shares of the business services provider’s stock worth $328,000 after buying an additional 8 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of Booking by 20.5% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 88 shares of the business services provider’s stock worth $421,000 after buying an additional 15 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Booking in the fourth quarter worth about $1,471,000. Ameritas Advisory Services LLC lifted its stake in shares of Booking by 120.2% in the fourth quarter. Ameritas Advisory Services LLC now owns 185 shares of the business services provider’s stock worth $920,000 after buying an additional 101 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Booking by 14.1% in the fourth quarter. HB Wealth Management LLC now owns 874 shares of the business services provider’s stock worth $4,346,000 after buying an additional 108 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday. B. Riley lifted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Tigress Financial lifted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten research 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 company. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Up 1.3 %

NASDAQ BKNG 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 stock has a market capitalization of $163.08 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The firm has a 50 day moving average of $5,052.18 and a two-hundred day moving average of $4,377.78.

Booking Announces Dividend

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