MayTech Global Investments LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 20.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,773 shares of the business services provider's stock after acquiring an additional 988 shares during the period. Booking accounts for approximately 3.2% of MayTech Global Investments LLC's investment portfolio, making the stock its 15th biggest position. MayTech Global Investments LLC's holdings in Booking were worth $24,318,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after purchasing an additional 334 shares in the last quarter. BDF Gestion acquired a new position in Booking in the 2nd quarter valued at approximately $6,897,000. Cumberland Partners Ltd raised its stake in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock valued at $2,106,000 after acquiring an additional 100 shares during the last quarter. CWM LLC grew its stake in shares of Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider's stock worth $10,423,000 after purchasing an additional 277 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Price Performance
Shares of NASDAQ BKNG traded up $8.43 during midday trading on Thursday, reaching $5,223.15. The company's stock had a trading volume of 171,126 shares, compared to its average volume of 247,664. The stock has a market capitalization of $172.89 billion, a P/E ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38. The firm has a 50 day moving average price of $4,552.59 and a 200-day moving average price of $4,071.32. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,237.00.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is presently 23.75%.
Wall Street Analyst Weigh In
BKNG has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on 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 lifted their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Piper Sandler boosted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, JMP Securities increased their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $4,820.50.
Check Out Our Latest Stock Analysis on BKNG
Booking Company Profile
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Free Report)
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.
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