Beacon Investment Advisory Services Inc. Sells 2,262 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Beacon Investment Advisory Services Inc. cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,789 shares of the business services provider’s stock after selling 2,262 shares during the quarter. Booking makes up approximately 1.7% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 15th biggest position. Beacon Investment Advisory Services Inc.’s holdings in Booking were worth $38,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking during the 3rd quarter valued at $25,000. West Financial Advisors LLC bought a new stake in Booking during the third quarter valued at about $29,000. Addison Advisors LLC boosted its stake in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares during the period. Carmichael Hill & Associates Inc. boosted its stake in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Booking during the fourth quarter worth about $50,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $4,619.21 on Thursday. The firm has a market capitalization of $152.90 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.59 and a beta of 1.41. The company has a 50-day moving average of $5,035.32 and a 200 day moving average of $4,398.27. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year 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 $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.76%. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. Wedbush upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays raised their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Ten investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,997.64.

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.