Booking Holdings Inc. (NASDAQ:BKNG) Position Reduced by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 776 shares of the business services provider’s stock after selling 3 shares during the period. Booking makes up 0.9% of Chemistry Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Chemistry Wealth Management LLC’s holdings in Booking were worth $3,857,000 as of its most recent filing with the SEC.

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

Booking Price Performance

NASDAQ:BKNG opened at $4,926.80 on Friday. The stock’s 50-day moving average is $5,052.51 and its two-hundred day moving average is $4,370.55. The stock has a market cap of $163.08 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.60 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 paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s dividend payout ratio is presently 23.75%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho raised their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Benchmark reissued a “buy” rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. UBS Group lifted their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird started coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

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.