Dynamic Advisor Solutions LLC Sells 113 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Dynamic Advisor Solutions LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 23.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 366 shares of the business services provider’s stock after selling 113 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Booking were worth $1,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daymark Wealth Partners LLC bought a new stake in shares of Booking in the 2nd quarter worth approximately $202,000. Mackenzie Financial Corp raised its stake in Booking by 17.6% during the second quarter. Mackenzie Financial Corp now owns 21,683 shares of the business services provider’s stock valued at $85,897,000 after buying an additional 3,250 shares during the last quarter. Scientech Research LLC boosted its holdings in Booking by 175.8% in the second quarter. Scientech Research LLC now owns 262 shares of the business services provider’s stock worth $1,038,000 after acquiring an additional 167 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Booking in the second quarter worth $13,406,000. Finally, Kathmere Capital Management LLC increased its holdings in shares of Booking by 81.8% during the second quarter. Kathmere Capital Management LLC now owns 180 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,764.89 on Friday. The firm 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 firm has a fifty day moving average price of $5,028.05 and a 200 day moving average price of $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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.73%. Booking’s payout ratio is 23.75%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKNG. Royal Bank of Canada lifted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America upped their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Oppenheimer lifted their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, BMO Capital Markets lifted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,997.64.

About Booking

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.