Solidarity Wealth LLC Sells 269 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Solidarity Wealth LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,469 shares of the business services provider’s stock after selling 269 shares during the period. Booking accounts for 1.9% of Solidarity Wealth LLC’s portfolio, making the stock its 17th largest position. Solidarity Wealth LLC’s holdings in Booking were worth $7,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BKNG. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB grew its holdings in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares during the period. Principal Financial Group Inc. grew its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the period. Cumberland Partners Ltd grew its holdings in Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares during the period. Finally, Icon Wealth Advisors LLC grew its holdings in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BKNG shares. Oppenheimer increased their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. BMO Capital Markets increased their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JMP Securities restated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Finally, Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Ten research 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 has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Stock Up 1.3 %

Shares of Booking stock opened at $4,926.80 on Tuesday. The firm’s 50 day moving average price is $5,052.18 and its 200-day moving average price is $4,384.28. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market cap of $163.08 billion, a P/E ratio of 33.43, a PEG ratio of 1.67 and a beta of 1.41.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. 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 currently 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.