Booking Holdings Inc. (NASDAQ:BKNG) Position Lessened by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,706 shares of the business services provider’s stock after selling 69 shares during the period. Trust Co. of Vermont’s holdings in Booking were worth $13,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Premier Path Wealth Partners LLC raised its position in Booking by 9.9% during the fourth quarter. Premier Path Wealth Partners LLC now owns 210 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 19 shares during the period. Dakota Community Bank & Trust NA raised its holdings in shares of Booking by 13.2% during the 4th quarter. Dakota Community Bank & Trust NA now owns 43 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 5 shares in the last quarter. Brooklyn Investment Group raised its holdings in Booking by 29.3% during the fourth quarter. Brooklyn Investment Group now owns 216 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 49 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Booking by 38.1% in the 4th quarter. Merit Financial Group LLC now owns 1,000 shares of the business services provider’s stock worth $4,970,000 after purchasing an additional 276 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC bought a new stake in shares of Booking during the 4th quarter worth $248,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on BKNG. Truist Financial upped their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company decreased their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday. Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer increased their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Stock Performance

NASDAQ BKNG traded up $61.80 during trading hours on Friday, reaching $4,926.80. 260,148 shares of the company’s stock were exchanged, compared to its average volume of 176,969. The company has a market capitalization of $163.08 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company’s 50-day moving average is $5,052.51 and its two-hundred day moving average is $4,370.55. 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. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is 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.