Burney Co. Sells 84 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Burney Co. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,041 shares of the business services provider's stock after selling 84 shares during the quarter. Burney Co.'s holdings in Booking were worth $15,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smith Anglin Financial LLC acquired a new position in shares of Booking during the fourth quarter valued at about $214,000. Park Avenue Securities LLC lifted its position in Booking by 0.9% in the 4th quarter. Park Avenue Securities LLC now owns 579 shares of the business services provider's stock valued at $2,877,000 after acquiring an additional 5 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in Booking by 9.2% during the 4th quarter. Kathmere Capital Management LLC now owns 202 shares of the business services provider's stock valued at $1,004,000 after purchasing an additional 17 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Booking by 4.9% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock worth $318,000 after purchasing an additional 3 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Booking by 10.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 337 shares of the business services provider's stock worth $1,674,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BKNG shares. Truist Financial lifted their target price on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. UBS Group raised their price objective 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. Wedbush upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Barclays increased their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Ten 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4,987.04.

Booking Stock Up 1.1 %

Shares of NASDAQ:BKNG traded up $50.83 during midday trading on Wednesday, reaching $4,829.64. 222,668 shares of the company traded hands, compared to its average volume of 224,020. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm's fifty day moving average price is $5,057.06 and its two-hundred day moving average price is $4,363.83. The firm has a market capitalization of $159.85 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, December 6th. Booking's payout ratio is 23.75%.

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.