Dixon Mitchell Investment Counsel Inc. Sells 3,940 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dixon Mitchell Investment Counsel Inc. lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 98.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60 shares of the business services provider’s stock after selling 3,940 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Booking were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp lifted its position in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC raised its stake in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the last quarter. Quent Capital LLC lifted its holdings in Booking by 2.7% during the 3rd quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after buying an additional 3 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Wedbush boosted their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Mizuho increased their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,987.04.

Booking Trading Up 1.1 %

Shares of NASDAQ:BKNG opened at $4,829.64 on Thursday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm’s 50-day moving average is $5,057.06 and its 200 day moving average is $4,363.83. The company has a market capitalization of $159.86 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is presently 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.