Booking Holdings Inc. (NASDAQ:BKNG) Position Lowered by Park Place Capital Corp

Park Place Capital Corp trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91 shares of the business services provider’s stock after selling 11 shares during the period. Park Place Capital Corp’s holdings in Booking were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking during the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC bought a new stake in Booking during the third quarter valued at $29,000. Addison Advisors LLC raised its holdings in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Booking in the fourth quarter worth about $50,000. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BKNG shares. Wells Fargo & Company dropped their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Wedbush increased their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Robert W. Baird started coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

BKNG opened at $4,694.12 on Wednesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $155.38 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The firm’s fifty day moving average is $5,042.68 and its two-hundred day moving average is $4,396.71.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) 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.