CCM Investment Advisers LLC Sells 272 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CCM Investment Advisers LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,454 shares of the business services provider’s stock after selling 272 shares during the quarter. Booking accounts for approximately 2.4% of CCM Investment Advisers LLC’s portfolio, making the stock its 11th biggest position. CCM Investment Advisers LLC’s holdings in Booking were worth $22,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. HHM Wealth Advisors LLC grew its stake in shares of Booking by 22.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 49 shares of the business services provider’s stock worth $194,000 after acquiring an additional 9 shares during the period. LPL Financial LLC increased its stake in shares of Booking by 13.4% in the second quarter. LPL Financial LLC now owns 12,936 shares of the business services provider’s stock worth $51,246,000 after purchasing an additional 1,528 shares in the last quarter. Vest Financial LLC lifted its stake in shares of Booking by 24.4% during the 2nd quarter. Vest Financial LLC now owns 97 shares of the business services provider’s stock valued at $384,000 after buying an additional 19 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Booking by 35.0% in the 2nd quarter. Meeder Advisory Services Inc. now owns 659 shares of the business services provider’s stock worth $2,611,000 after buying an additional 171 shares during the period. Finally, GHP Investment Advisors Inc. grew its stake in Booking by 6.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 1,406 shares of the business services provider’s stock valued at $5,571,000 after buying an additional 80 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. BMO Capital Markets raised their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target for the company. Finally, B. Riley upped their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,972.75.

Booking Price Performance

NASDAQ BKNG traded down $151.23 during trading hours on Friday, hitting $4,721.19. The company’s stock had a trading volume of 105,304 shares, compared to its average volume of 195,179. The company’s 50 day simple moving average is $5,060.23 and its two-hundred day simple moving average is $4,342.57. The company has a market cap of $156.26 billion, a P/E ratio of 32.04, a price-to-earnings-growth 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 company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. 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 (DPR) 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.