Confluence Investment Management LLC Sells 471 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Confluence Investment Management LLC lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,257 shares of the business services provider’s stock after selling 471 shares during the period. Confluence Investment Management LLC’s holdings in Booking were worth $45,993,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new position in Booking in the 3rd quarter valued at approximately $29,000. Addison Advisors LLC raised its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Booking during the second quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. grew 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 purchasing an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of several recent research reports. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Finally, UBS Group upped their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,945.96.

Booking Trading Up 0.4 %

NASDAQ BKNG traded up $19.97 during trading hours on Thursday, hitting $4,988.39. The company’s stock had a trading volume of 28,895 shares, compared to its average volume of 243,695. The company has a market capitalization of $165.10 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company’s 50-day simple moving average is $5,006.67 and its two-hundred day simple moving average is $4,307.07.

Booking Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s dividend payout ratio 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.