Exchange Traded Concepts LLC Has $2.34 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Exchange Traded Concepts LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 470 shares of the business services provider's stock after selling 59 shares during the period. Exchange Traded Concepts LLC's holdings in Booking were worth $2,335,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth about $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking during the 3rd quarter valued at about $29,000. Addison Advisors LLC lifted its holdings in shares of 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 acquiring an additional 4 shares during the period. Carmichael Hill & Associates Inc. grew its position in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock worth $42,000 after acquiring an additional 4 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Booking in the fourth quarter worth about $50,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock traded down $89.53 during trading on Monday, reaching $4,675.36. The company's stock had a trading volume of 299,570 shares, compared to its average volume of 262,110. The stock's 50-day moving average price is $5,028.05 and its 200 day moving average price is $4,412.56. The company has a market capitalization of $154.75 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.75%. Booking's payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Susquehanna lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Baird R W raised shares of Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.