Sugarloaf Wealth Management LLC Purchases 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sugarloaf Wealth Management LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 46 shares of the business services provider’s stock after acquiring an additional 3 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Booking were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Harbor Capital Advisors Inc. boosted its position in Booking by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,158 shares of the business services provider’s stock valued at $5,753,000 after buying an additional 21 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Booking by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,610 shares of the business services provider’s stock valued at $32,841,000 after acquiring an additional 90 shares during the last quarter. Private Client Services LLC purchased a new stake in Booking during the 4th quarter valued at about $230,000. Fulton Bank N.A. grew its position in Booking by 7.5% during the 4th quarter. Fulton Bank N.A. now owns 604 shares of the business services provider’s stock worth $3,001,000 after acquiring an additional 42 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in Booking in the 4th quarter worth approximately $1,828,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Oppenheimer upped their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,972.75.

Booking Price Performance

NASDAQ BKNG traded down $115.90 during mid-day trading on Friday, reaching $4,756.52. The stock had a trading volume of 160,637 shares, compared to its average volume of 204,069. The company has a fifty day moving average price of $5,060.23 and a 200 day moving average price of $4,342.57. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market cap of $157.43 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

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. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.74%. Booking’s payout ratio is 23.75%.

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.