McLean Asset Management Corp Has $254,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

McLean Asset Management Corp trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 29.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51 shares of the business services provider’s stock after selling 21 shares during the quarter. McLean Asset Management Corp’s holdings in Booking were worth $254,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

BKNG has been the topic of several analyst reports. Bank of America lifted their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wedbush increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Robert W. Baird started coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Down 1.1 %

Shares of NASDAQ BKNG opened at $4,764.89 on Monday. The business has a 50-day simple moving average of $5,028.05 and a two-hundred day simple moving average of $4,412.56. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market cap of $157.72 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41.

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 issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, December 6th. 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.