Tributary Capital Management LLC Has $576,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Tributary Capital Management LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116 shares of the business services provider’s stock after selling 5 shares during the period. Tributary Capital Management LLC’s holdings in Booking were worth $576,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on BKNG shares. UBS Group lifted their price target 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. Piper Sandler upped their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. BMO Capital Markets boosted their price objective 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. Finally, Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Performance

BKNG stock opened at $4,764.89 on Friday. The company has a market capitalization of $157.72 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The business’s 50 day moving average price is $5,028.05 and its two-hundred day moving average price is $4,406.60. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. Booking’s dividend payout ratio is currently 23.75%.

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.