Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,773 shares of the business services provider’s stock after selling 111 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Booking were worth $13,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter worth approximately $25,000. West Financial Advisors LLC acquired a new position in shares of Booking during the third quarter valued at $29,000. Addison Advisors LLC raised its stake 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 valued at $38,000 after purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new position in Booking in the 2nd quarter valued at about $41,000. Finally, Carmichael Hill & Associates Inc. increased its stake in Booking by 66.7% during the 3rd 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 period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Piper Sandler raised their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho lifted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Wedbush increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,926.80 on Friday. The stock has a market cap of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41. The business has a 50 day simple moving average of $5,052.51 and a 200 day simple moving average of $4,370.55. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s dividend payout ratio is currently 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.