Independent Solutions Wealth Management LLC Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Independent Solutions Wealth Management LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50 shares of the business services provider’s stock after selling 4 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Booking were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking during the 3rd quarter valued at about $25,000. POM Investment Strategies LLC bought a new position in shares of Booking during the second quarter valued at approximately $28,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Booking in the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Piper Sandler upped their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. B. Riley upped their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Stock Up 0.7 %

BKNG opened at $4,980.40 on Friday. The company has a market cap of $164.84 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm’s 50-day moving average price is $4,878.36 and its 200-day moving average price is $4,226.95. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. 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.