ST Germain D J Co. Inc. Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

ST Germain D J Co. Inc. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,499 shares of the business services provider's stock after selling 224 shares during the period. Booking makes up about 1.5% of ST Germain D J Co. Inc.'s holdings, making the stock its 13th largest holding. ST Germain D J Co. Inc.'s holdings in Booking were worth $32,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter worth about $29,000. Addison Advisors LLC boosted its position in shares of Booking by 80.0% in 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. Fairscale Capital LLC purchased a new position in Booking during the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings 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 period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on BKNG shares. Citigroup boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Truist Financial boosted their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. DA Davidson raised their price target on Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Tigress Financial boosted their price objective on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a report on Monday, November 18th. Finally, Bank of America raised their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4,972.75.

Booking Price Performance

NASDAQ:BKNG traded down $132.87 during mid-day trading on Friday, reaching $4,739.55. 306,220 shares of the company's stock traded hands, compared to its average volume of 229,629. The company has a 50 day moving average price of $5,060.04 and a 200-day moving average price of $4,347.84. The firm has a market capitalization of $156.86 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. Booking's dividend payout ratio is presently 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.