Gryphon Financial Partners LLC Has $512,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gryphon Financial Partners LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103 shares of the business services provider’s stock after selling 34 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Booking were worth $512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. lifted its position in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its position 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 in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

BKNG opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm’s fifty day moving average price is $4,896.45 and its two-hundred day moving average price is $4,631.73. The company has a market capitalization of $162.31 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.78%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is currently 22.19%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BKNG shares. JPMorgan Chase & Co. increased their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Barclays increased their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. BMO Capital Markets increased their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Bank of America raised their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Mizuho raised 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. Nine 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

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.