RFG Advisory LLC Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

RFG Advisory LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726 shares of the business services provider’s stock after buying an additional 57 shares during the period. RFG Advisory LLC’s holdings in Booking were worth $3,605,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Booking by 20.0% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 11,913 shares of the business services provider’s stock worth $59,456,000 after buying an additional 1,983 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares in the last quarter. Montecito Bank & Trust lifted its position in shares of Booking by 14.7% in the fourth quarter. Montecito Bank & Trust now owns 312 shares of the business services provider’s stock worth $1,550,000 after buying an additional 40 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Booking in the fourth quarter worth about $2,002,000. Finally, Mutual Advisors LLC increased its stake in Booking by 1.5% during the fourth quarter. Mutual Advisors LLC now owns 396 shares of the business services provider’s stock worth $1,928,000 after acquiring an additional 6 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Booking stock opened at $4,764.89 on Friday. The stock has a market capitalization of $157.72 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a fifty day moving average price of $5,032.26 and a 200-day moving average price of $4,401.19.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research note on Wednesday, December 11th. Finally, Citigroup boosted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Ten equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.