Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 776 shares of the business services provider’s stock after selling 3 shares during the period. Booking accounts for approximately 0.9% of Chemistry Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Chemistry Wealth Management LLC’s holdings in Booking were worth $3,857,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Booking by 46.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 310 shares of the business services provider’s stock worth $1,228,000 after buying an additional 99 shares in the last quarter. Brighton Jones LLC boosted its position in Booking by 2.0% during the second quarter. Brighton Jones LLC now owns 253 shares of the business services provider’s stock worth $1,002,000 after acquiring an additional 5 shares during the last quarter. Ieq Capital LLC grew its stake in Booking by 7.7% in the 2nd quarter. Ieq Capital LLC now owns 3,132 shares of the business services provider’s stock worth $12,407,000 after acquiring an additional 225 shares during the period. Benjamin Edwards Inc. raised its holdings in Booking by 51.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 298 shares of the business services provider’s stock valued at $1,180,000 after acquiring an additional 101 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in shares of Booking by 105.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 509 shares of the business services provider’s stock worth $2,016,000 after purchasing an additional 261 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG stock opened at $4,926.80 on Friday. The company’s fifty day moving average price is $5,052.51 and its two-hundred day moving average price is $4,370.55. The firm has a market capitalization of $163.08 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

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.