Legacy Wealth Asset Management LLC Reduces Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Legacy Wealth Asset Management LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501 shares of the business services provider’s stock after selling 39 shares during the quarter. Booking comprises 0.7% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 24th largest position. Legacy Wealth Asset Management LLC’s holdings in Booking were worth $2,489,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the 3rd quarter worth approximately $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking during the third quarter worth $29,000. Addison Advisors LLC grew its holdings 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 buying an additional 4 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Booking in the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. raised its stake in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $4,865.00 on Friday. The business’s 50 day moving average price is $5,053.63 and its 200 day moving average price is $4,367.09. The company has a market cap of $161.03 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.72%. Booking’s payout ratio is 23.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Tigress Financial upped 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 report on Monday, November 18th. Truist Financial raised their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird began coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average 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.