Hilltop National Bank Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Hilltop National Bank lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96 shares of the business services provider’s stock after selling 5 shares during the period. Hilltop National Bank’s holdings in Booking were worth $477,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the 3rd quarter worth approximately $25,000. West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter valued at $29,000. Addison Advisors LLC raised its holdings in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the last quarter. Fairscale Capital LLC bought a new stake in Booking during the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG traded down $140.30 on Friday, hitting $4,732.12. 101,748 shares of the company’s stock were exchanged, compared to its average volume of 194,085. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market capitalization of $156.62 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The business’s 50 day simple moving average is $5,060.23 and its two-hundred day simple moving average is $4,342.57.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.74%. Booking’s payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Finally, Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,972.75.

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.