Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842 shares of the business services provider’s stock after selling 58 shares during the period. Booking comprises about 1.9% of HF Advisory Group LLC’s portfolio, making the stock its 8th biggest position. HF Advisory Group LLC’s holdings in Booking were worth $4,185,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BKNG. Garner Asset Management Corp boosted its holdings in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during the period. Optimist Retirement Group LLC boosted its stake in shares of Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares during the period. Quent Capital LLC grew its position in shares of Booking by 2.7% during the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after buying an additional 3 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Booking by 23.1% during the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after buying an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after acquiring an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. BMO Capital Markets boosted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, UBS Group raised their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Trading Up 1.3 %

BKNG stock opened at $4,926.80 on Friday. The company’s 50-day moving average price is $5,052.18 and its 200 day moving average price is $4,377.78. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market cap of $163.08 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

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