Confluence Investment Management LLC Has $45.99 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Confluence Investment Management LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,257 shares of the business services provider's stock after selling 471 shares during the period. Confluence Investment Management LLC's holdings in Booking were worth $45,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter worth about $25,000. West Financial Advisors LLC bought a new position in Booking during the 3rd quarter worth approximately $29,000. Addison Advisors LLC grew its holdings in Booking by 80.0% during 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. Fairscale Capital LLC bought a new stake in Booking in the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. raised its holdings 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 during the period. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKNG shares. BMO Capital Markets boosted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Cantor Fitzgerald reissued a "neutral" rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a report on Monday, November 18th. Finally, UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $4,945.96.

Booking Price Performance

NASDAQ BKNG traded down $43.13 on Thursday, reaching $4,925.29. The stock had a trading volume of 141,245 shares, compared to its average volume of 243,695. 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 $163.01 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm has a fifty day moving average of $5,018.40 and a two-hundred day moving average of $4,311.36.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking's dividend payout ratio is currently 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.