Daymark Wealth Partners LLC Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Daymark Wealth Partners LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94 shares of the business services provider’s stock after purchasing an additional 14 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Booking were worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in Booking during the third quarter valued at approximately $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. Addison Advisors LLC boosted its holdings in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the period. Carmichael Hill & Associates Inc. grew its stake in 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 in the last quarter. Finally, Friedenthal Financial bought a new stake in Booking during the 4th quarter valued at $50,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. Mizuho raised their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company cut their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Price Performance

Shares of BKNG stock opened at $4,818.14 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a market cap of $159.48 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.59 and a beta of 1.41. The stock has a 50 day simple moving average of $5,035.32 and a 200-day simple moving average of $4,398.27.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is 23.75%.

Booking 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.