Eads & Heald Wealth Management Sells 55 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Eads & Heald Wealth Management trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541 shares of the business services provider’s stock after selling 55 shares during the period. Booking comprises approximately 1.3% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 18th largest holding. Eads & Heald Wealth Management’s holdings in Booking were worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the third quarter worth $25,000. West Financial Advisors LLC bought a new position in shares of Booking during the 3rd quarter worth $29,000. Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in Booking by 66.7% in 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 last quarter. Finally, Friedenthal Financial purchased a new stake in Booking during the fourth quarter valued at about $50,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 4.9 %

BKNG stock opened at $4,686.41 on Wednesday. The stock has a market capitalization of $155.12 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.67 and a beta of 1.41. The firm’s 50-day moving average price is $5,049.41 and its two-hundred day moving average price is $4,391.39. 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 declared 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 was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.75%. Booking’s dividend payout ratio is presently 23.75%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BKNG shares. B. Riley lifted 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 note on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. The Goldman Sachs Group lifted their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.