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

Sanibel Captiva Trust Company Inc. reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,773 shares of the business services provider’s stock after selling 111 shares during the quarter. 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Garner Asset Management Corp grew its holdings in shares of Booking by 0.8% in the 3rd 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 period. Optimist Retirement Group LLC boosted its position in Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares in the last quarter. Quent Capital LLC grew its holdings in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 3 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after buying an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Booking by 1.0% during 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 during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 1.3 %

Shares of NASDAQ BKNG opened at $4,926.80 on Friday. The stock has a market capitalization of $163.08 billion, a P/E ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41. The stock’s 50 day moving average price is $5,052.51 and its two-hundred day moving average price is $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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKNG. Jefferies Financial Group lifted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Oppenheimer increased their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.