Eastern Bank Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Eastern Bank lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118 shares of the business services provider’s stock after selling 6 shares during the period. Eastern Bank’s holdings in Booking were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV grew its position 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 valued at $3,921,000 after purchasing an additional 334 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the period. Principal Financial Group Inc. grew its position in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares during the period. Cumberland Partners Ltd grew its position in shares of Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the period. Finally, Icon Wealth Advisors LLC grew its position in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BKNG shares. Wedbush lifted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Baird R W raised shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Tigress Financial lifted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley raised their target price 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. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given 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 a consensus price target of $4,987.04.

Booking Trading Up 0.5 %

Shares of NASDAQ:BKNG opened at $4,763.90 on Tuesday. The firm has a 50 day moving average of $5,059.78 and a 200-day moving average of $4,358.07. The stock has a market capitalization of $157.67 billion, a PE ratio of 32.33, a PEG ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.