Booking Holdings Inc. (NASDAQ:BKNG) Position Trimmed by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,657 shares of the business services provider’s stock after selling 73 shares during the quarter. Booking makes up 4.0% of Gunderson Capital Management Inc.’s portfolio, making the stock its 11th biggest position. Gunderson Capital Management Inc.’s holdings in Booking were worth $8,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BKNG. Nations Financial Group Inc. IA ADV boosted its stake in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Principal Financial Group Inc. boosted its position in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the period. Cumberland Partners Ltd increased its position in Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after buying an additional 100 shares during the period. Finally, Icon Wealth Advisors LLC increased its position in 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. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 0.5 %

NASDAQ BKNG opened at $4,763.90 on Tuesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock’s 50-day moving average price is $5,059.78 and its two-hundred day moving average price is $4,358.07. The company has a market cap of $157.67 billion, a PE ratio of 32.33, a PEG ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on BKNG. Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday. Mizuho boosted their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Robert W. Baird initiated coverage on Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Finally, Royal Bank of Canada lifted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.

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.