Relyea Zuckerberg Hanson LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Relyea Zuckerberg Hanson LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 50 shares of the business services provider’s stock, valued at approximately $248,000.

Several other large investors have also bought and sold shares of the business. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth about $25,000. West Financial Advisors LLC bought a new position in Booking in the 3rd quarter valued at approximately $29,000. Addison Advisors LLC boosted its position in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Booking during the second quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Shares of Booking stock opened at $4,926.80 on Friday. The business has a 50-day simple moving average of $5,052.51 and a 200 day simple moving average of $4,370.55. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market capitalization of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is 23.75%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKNG shares. DA Davidson raised their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Finally, Robert W. Baird assumed coverage on shares of Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Company 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.