Carnegie Investment Counsel Sells 255 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Carnegie Investment Counsel lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 50.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 253 shares of the business services provider’s stock after selling 255 shares during the period. Carnegie Investment Counsel’s holdings in Booking were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the 3rd quarter worth approximately $25,000. West Financial Advisors LLC bought a new position in shares of Booking during the third quarter valued at $29,000. Addison Advisors LLC grew its holdings in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Booking in the 2nd quarter worth about $41,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings 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 purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on BKNG shares. Morgan Stanley upped their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup boosted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Price Performance

Shares of BKNG opened at $4,926.80 on Friday. The firm has a 50-day moving average of $5,052.18 and a 200-day moving average of $4,377.78. The company has a market cap of $163.08 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. 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 (DPR) is presently 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.