Tidal Investments LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Tidal Investments LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,068 shares of the business services provider’s stock after selling 492 shares during the period. Tidal Investments LLC’s holdings in Booking were worth $12,923,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the third quarter worth about $25,000. Grove Bank & Trust raised its position in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the third quarter worth $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BKNG shares. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Citigroup raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays boosted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley raised their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Robert W. Baird began coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,866.03.

Booking Price Performance

BKNG stock opened at $5,268.93 on Friday. The firm has a market cap of $174.40 billion, a PE ratio of 35.75, a P/E/G ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a 50 day simple moving average of $4,792.61 and a 200 day simple moving average of $4,181.06.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking’s dividend 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.