Persium Advisors LLC Makes New $586,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Persium Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 118 shares of the business services provider's stock, valued at approximately $586,000. Booking accounts for approximately 0.6% of Persium Advisors LLC's holdings, making the stock its 29th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC bought a new position in shares of Booking in the third quarter worth approximately $29,000. Addison Advisors LLC raised its stake in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Booking in the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. lifted its position in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.5 %

Booking stock traded up $24.35 during trading hours on Monday, hitting $4,763.90. 209,840 shares of the stock traded hands, compared to its average volume of 226,819. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $157.67 billion, a PE ratio of 32.33, a PEG ratio of 2.11 and a beta of 1.41. The firm's 50-day moving average price is $5,059.78 and its two-hundred day moving average price is $4,358.07.

Booking Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Baird R W upgraded Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. B. Riley upped their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays raised their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Finally, Truist Financial upped their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4,987.04.

Booking Company 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.