Ted Buchan & Co Acquires 124 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ted Buchan & Co raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 153.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205 shares of the business services provider's stock after purchasing an additional 124 shares during the period. Ted Buchan & Co's holdings in Booking were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new stake in Booking during the first quarter valued at about $359,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Booking during the 1st quarter valued at about $243,000. Oppenheimer & Co. Inc. grew its position in Booking by 39.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider's stock worth $1,092,000 after acquiring an additional 85 shares during the last quarter. Montag A & Associates Inc. increased its stake in Booking by 30.2% in the 1st quarter. Montag A & Associates Inc. now owns 768 shares of the business services provider's stock worth $2,786,000 after purchasing an additional 178 shares during the period. Finally, NorthRock Partners LLC lifted its position in Booking by 16.2% in the first quarter. NorthRock Partners LLC now owns 359 shares of the business services provider's stock valued at $1,302,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BKNG shares. UBS Group lifted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated a "neutral" rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a report on Saturday. Finally, JMP Securities increased their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Eleven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,749.83.

Booking Price Performance

BKNG stock traded up $22.40 during trading on Friday, hitting $4,943.27. 282,361 shares of the stock traded hands, compared to its average volume of 228,754. The stock has a market cap of $163.62 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $2,998.52 and a 1 year high of $5,060.50. The firm's 50 day moving average is $4,240.54 and its two-hundred day moving average is $3,934.73.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking's dividend payout ratio (DPR) is currently 23.75%.

Booking 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.