Wedgewood Partners Inc. Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Wedgewood Partners Inc. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,087 shares of the business services provider’s stock after selling 58 shares during the period. Booking accounts for about 4.8% of Wedgewood Partners Inc.’s holdings, making the stock its 12th biggest holding. Wedgewood Partners Inc.’s holdings in Booking were worth $25,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the 3rd quarter valued at approximately $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new position in shares of Booking during the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking during the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. UBS Group raised their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Trading Up 0.9 %

NASDAQ:BKNG opened at $5,287.94 on Friday. The firm has a market cap of $175.03 billion, a P/E ratio of 35.88, a PEG ratio of 1.62 and a beta of 1.41. The stock’s 50 day simple moving average is $4,684.48 and its 200-day simple moving average is $4,130.83. Booking Holdings Inc. has a 12-month low of $3,127.31 and a 12-month high of $5,330.00.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Booking 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.