Hilltop National Bank Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Hilltop National Bank decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 96 shares of the business services provider’s stock after selling 5 shares during the period. Hilltop National Bank’s holdings in Booking were worth $477,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new position in Booking in the third quarter valued at approximately $29,000. Addison Advisors LLC lifted its holdings in 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 acquired a new position in Booking in the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in Booking by 66.7% in the third 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. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BKNG. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho upped their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group upped their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their price target on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Ten 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 company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,972.75.

Booking Stock Performance

BKNG stock traded down $140.30 during mid-day trading on Friday, reaching $4,732.12. The company had a trading volume of 101,748 shares, compared to its average volume of 194,085. The company has a market capitalization of $156.62 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm has a fifty day simple moving average of $5,060.23 and a 200 day simple moving average of $4,342.57. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week 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 0.74%. Booking’s payout ratio is currently 23.75%.

Booking Company 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.