Buttonwood Financial Advisors Inc. Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Buttonwood Financial Advisors Inc. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 51.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195 shares of the business services provider’s stock after selling 206 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in Booking were worth $969,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKNG shares. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Truist Financial increased their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. DA Davidson increased their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target 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. Ten equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Down 1.1 %

Booking stock opened at $4,764.89 on Monday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a fifty day moving average of $5,028.05 and a two-hundred day moving average of $4,412.56. The firm 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.73%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.