Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the business services provider’s stock after selling 570 shares during the quarter. Cohen Klingenstein LLC’s holdings in Booking were worth $4,968,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth about $25,000. West Financial Advisors LLC bought a new stake in Booking during the third quarter worth approximately $29,000. Addison Advisors LLC raised its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the period. Fairscale Capital LLC acquired a new stake in Booking in the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. boosted its stake in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Mizuho upped their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Deutsche Bank Aktiengesellschaft upped their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Stock Up 1.3 %

Shares of NASDAQ BKNG opened at $4,926.80 on Friday. The company has a market capitalization of $163.08 billion, a PE ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a fifty day simple moving average of $5,052.51 and a 200 day simple moving average of $4,370.55.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s payout ratio is 23.75%.

About Booking

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.