Geller Advisors LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Geller Advisors LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 48.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134 shares of the business services provider's stock after selling 124 shares during the period. Geller Advisors LLC's holdings in Booking were worth $564,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the 3rd quarter worth approximately $25,000. Grove Bank & Trust lifted its stake in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking in the second quarter valued at $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter valued at $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ BKNG traded up $21.12 during trading on Monday, reaching $5,300.34. The company's stock had a trading volume of 188,318 shares, compared to its average volume of 246,068. The business's fifty day moving average price is $4,705.52 and its 200-day moving average price is $4,145.94. Booking Holdings Inc. has a twelve month low of $3,177.16 and a twelve month high of $5,337.20. The firm has a market cap of $175.44 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of several research reports. Morgan Stanley lifted their target price on Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a report on Friday, November 1st. Tigress Financial increased their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a report on Monday, November 18th. Mizuho boosted their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $4,837.17.

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.