Emprise Bank Trims Position in Booking Holdings Inc. (NASDAQ:BKNG)

Emprise Bank trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 23.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56 shares of the business services provider’s stock after selling 17 shares during the period. Emprise Bank’s holdings in Booking were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter valued at about $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at about $29,000. Addison Advisors LLC raised its holdings in shares of Booking by 80.0% in 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 last quarter. Fairscale Capital LLC purchased a new stake in shares of Booking in the second quarter valued at about $41,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BKNG shares. Morgan Stanley boosted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday. Oppenheimer boosted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. 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 research note on Thursday, October 31st. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Price Performance

BKNG traded down $2.92 during trading hours on Monday, reaching $4,736.63. 82,338 shares of the stock traded hands, compared to its average volume of 207,807. The firm’s fifty day simple moving average is $5,060.04 and its two-hundred day simple moving average is $4,352.76. The company has a market cap of $156.77 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Dividend Announcement

The business also recently disclosed 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 0.74%. The ex-dividend date 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.