Tributary Capital Management LLC Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Tributary Capital Management LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 116 shares of the business services provider’s stock after selling 5 shares during the period. Tributary Capital Management LLC’s holdings in Booking were worth $576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. purchased a new position in Booking during the third quarter valued at $25,000. West Financial Advisors LLC bought a new position in shares of Booking during the 3rd quarter valued at about $29,000. Addison Advisors LLC lifted its position 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 worth $38,000 after buying an additional 4 shares in the last quarter. Carmichael Hill & Associates Inc. lifted 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 buying an additional 4 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Booking during the fourth quarter valued at approximately $50,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.1 %

BKNG opened at $4,764.89 on Friday. The company has a market capitalization of $157.72 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. The business’s fifty day simple moving average is $5,028.05 and its 200-day simple moving average is $4,406.60. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BKNG shares. Deutsche Bank Aktiengesellschaft lifted 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. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Mizuho upped their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Oppenheimer lifted their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,997.64.

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.