Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,539 shares of the business services provider’s stock after selling 65 shares during the period. Jacobs & Co. CA’s holdings in Booking were worth $7,646,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Icon Wealth Advisors LLC grew its stake in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Booking during the 3rd quarter worth $5,322,600,000. Harvard Management Co. Inc. acquired a new position in Booking during the 3rd quarter worth $155,427,000. 1832 Asset Management L.P. grew its stake in Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Booking during the 2nd quarter worth $125,615,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Down 2.7 %

Shares of Booking stock traded down $131.63 during trading hours on Friday, reaching $4,740.79. 156,795 shares of the company’s stock were exchanged, compared to its average volume of 204,069. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $156.91 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The company has a fifty day moving average of $5,060.23 and a 200-day moving average of $4,342.57.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Analyst Ratings Changes

A number of analysts have issued reports on BKNG shares. Barclays lifted their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler lifted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Finally, BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten equities research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,972.75.

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.