Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,089 shares of the business services provider’s stock after selling 67 shares during the quarter. First Hawaiian Bank’s holdings in Booking were worth $5,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the 3rd quarter worth $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at about $29,000. Addison Advisors LLC boosted its stake 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 worth $38,000 after buying an additional 4 shares during the period. Fairscale Capital LLC purchased a new position in shares of Booking during the second quarter worth about $41,000. Finally, Carmichael Hill & Associates Inc. increased its position in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $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.

Booking Price Performance

NASDAQ:BKNG traded up $76.32 during trading hours on Wednesday, reaching $4,872.42. 235,215 shares of the company were exchanged, compared to its average volume of 207,338. The firm has a market cap of $161.26 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.11 and a beta of 1.41. The stock has a 50 day simple moving average of $5,048.13 and a 200 day simple moving average of $4,335.11. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 0.72%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BKNG shares. Bank of America upped their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Mizuho boosted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Wedbush lifted their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,972.75.

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.