Nordea Investment Management AB Acquires 8,735 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Nordea Investment Management AB boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 179,902 shares of the business services provider's stock after buying an additional 8,735 shares during the period. Booking makes up 0.9% of Nordea Investment Management AB's portfolio, making the stock its 15th largest holding. Nordea Investment Management AB owned 0.54% of Booking worth $896,455,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the third quarter worth approximately $25,000. West Financial Advisors LLC bought a new position in Booking during the 3rd quarter worth $29,000. Addison Advisors LLC increased its position in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock worth $38,000 after buying an additional 4 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Booking during the second quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. boosted its position in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after acquiring an additional 4 shares during the period. 92.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. Barclays lifted their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th. Royal Bank of Canada raised their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Citigroup upped their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Bank of America raised their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and an average price target of $4,972.75.

Booking Trading Up 0.1 %

NASDAQ:BKNG traded up $5.94 during trading hours on Monday, hitting $4,909.79. 278,209 shares of the company were exchanged, compared to its average volume of 195,002. The company has a fifty day simple moving average of $5,029.52 and a 200 day simple moving average of $4,322.82. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $162.50 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

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. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking's dividend payout ratio (DPR) is presently 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.