Harel Insurance Investments & Financial Services Ltd. Sells 93 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Harel Insurance Investments & Financial Services Ltd. cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349 shares of the business services provider’s stock after selling 93 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booking were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daymark Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at $202,000. MBB Public Markets I LLC bought a new stake in Booking during the second quarter worth about $9,773,000. Mackenzie Financial Corp grew its holdings in Booking by 17.6% in the second quarter. Mackenzie Financial Corp now owns 21,683 shares of the business services provider’s stock worth $85,897,000 after purchasing an additional 3,250 shares during the period. Scientech Research LLC increased its stake in shares of Booking by 175.8% during the second quarter. Scientech Research LLC now owns 262 shares of the business services provider’s stock valued at $1,038,000 after purchasing an additional 167 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Booking during the second quarter valued at approximately $13,406,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 1.1 %

Shares of Booking stock opened at $4,764.89 on Friday. The business has a fifty day simple moving average of $5,032.26 and a 200 day simple moving average of $4,401.19. The stock has a market cap of $157.72 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. 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%.

Analysts Set New Price Targets

A number of research firms have weighed in on BKNG. Tigress Financial raised their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Piper Sandler boosted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Benchmark restated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group increased their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.