Novare Capital Management LLC Sells 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Novare Capital Management LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467 shares of the business services provider’s stock after selling 9 shares during the quarter. Novare Capital Management LLC’s holdings in Booking were worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. boosted its stake in shares of Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB lifted its holdings in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after buying an additional 8,735 shares during the period. Principal Financial Group Inc. boosted its position in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Finally, Cumberland Partners Ltd grew its holdings in shares of Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $4,764.89 on Friday. The company has a market cap of $157.72 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41. The business’s 50-day moving average is $5,028.05 and its two-hundred day moving average is $4,406.60. 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. 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 dividend yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the topic of several research reports. Susquehanna lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley boosted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Mizuho raised their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Ten equities research 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 company. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

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.