CCM Investment Advisers LLC Sells 272 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CCM Investment Advisers LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the business services provider’s stock after selling 272 shares during the period. Booking accounts for 2.4% of CCM Investment Advisers LLC’s holdings, making the stock its 11th biggest position. CCM Investment Advisers LLC’s holdings in Booking were worth $22,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter valued at $25,000. West Financial Advisors LLC acquired a new position in Booking in the 3rd quarter valued at $29,000. Addison Advisors LLC lifted its position in shares of 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 acquiring an additional 4 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Booking during the 2nd quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. increased its position in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG traded down $151.23 during mid-day trading on Friday, hitting $4,721.19. The company had a trading volume of 105,304 shares, compared to its average volume of 195,179. The company has a market capitalization of $156.26 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm has a fifty day moving average price of $5,060.23 and a 200 day moving average price of $4,342.57. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BKNG shares. Tigress Financial increased their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group boosted their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, JMP Securities restated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Ten 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’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target 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.