Lmcg Investments LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Lmcg Investments LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,772 shares of the business services provider’s stock after selling 41 shares during the quarter. Lmcg Investments LLC’s holdings in Booking were worth $8,804,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV grew its holdings in shares of Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares during the last quarter. Nordea Investment Management AB grew its holdings in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the last quarter. Cumberland Partners Ltd increased its position in shares of Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the period. Finally, Icon Wealth Advisors LLC raised its stake in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Up 1.3 %

BKNG opened at $4,926.80 on Tuesday. The stock has a market capitalization of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.67 and a beta of 1.41. The firm has a 50 day moving average price of $5,052.18 and a 200-day moving average price of $4,384.28. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. The Goldman Sachs Group lifted their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Morgan Stanley boosted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Company 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.