Beacon Investment Advisory Services Inc. Sells 44 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Beacon Investment Advisory Services Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,051 shares of the business services provider’s stock after selling 44 shares during the period. Booking comprises 1.8% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 15th largest position. Beacon Investment Advisory Services Inc.’s holdings in Booking were worth $42,336,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. boosted its stake in shares of Booking by 43.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 428 shares of the business services provider’s stock worth $1,808,000 after acquiring an additional 130 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Booking in the third quarter valued at $59,000. Erste Asset Management GmbH bought a new position in shares of Booking in the third quarter valued at about $46,667,000. True Wealth Design LLC lifted its stake in shares of Booking by 1,300.0% during the 3rd quarter. True Wealth Design LLC now owns 14 shares of the business services provider’s stock worth $59,000 after buying an additional 13 shares during the last quarter. Finally, Semmax Financial Advisors Inc. lifted its stake in shares of Booking by 4.8% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 1,433 shares of the business services provider’s stock worth $6,036,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.4 %

Shares of Booking stock opened at $5,201.98 on Monday. The firm has a market capitalization of $172.19 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The firm’s 50 day moving average is $4,599.47 and its 200 day moving average is $4,093.76. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,237.00.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. UBS Group boosted their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird began 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 for the company. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.