Gateway Investment Advisers LLC Sells 419 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Gateway Investment Advisers LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,938 shares of the business services provider's stock after selling 419 shares during the quarter. Gateway Investment Advisers LLC's holdings in Booking were worth $49,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garner Asset Management Corp grew its holdings in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock worth $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC boosted its position in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after purchasing an additional 2 shares in the last quarter. Quent Capital LLC grew its stake in Booking by 2.7% during the third quarter. Quent Capital LLC now owns 113 shares of the business services provider's stock worth $477,000 after purchasing an additional 3 shares during the period. Hexagon Capital Partners LLC increased its holdings in Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider's stock worth $67,000 after purchasing an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider's stock valued at $1,229,000 after buying an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on BKNG shares. Wedbush raised their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Bank of America raised their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Cantor Fitzgerald reiterated a "neutral" rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Morgan Stanley raised their target price on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Ten investment 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 stock. According to MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average price target of $4,997.64.

Booking Stock Up 0.7 %

Booking stock traded up $35.36 during trading on Thursday, hitting $4,865.00. The stock had a trading volume of 188,390 shares, compared to its average volume of 221,249. The stock's 50 day moving average is $5,053.63 and its two-hundred day moving average is $4,367.09. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market cap of $161.03 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

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