Kovitz Investment Group Partners LLC Acquires 586 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Kovitz Investment Group Partners LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,498 shares of the business services provider's stock after acquiring an additional 586 shares during the period. Kovitz Investment Group Partners LLC's holdings in Booking were worth $10,522,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BKNG. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking in the 3rd quarter worth approximately $5,322,600,000. Harvard Management Co. Inc. bought a new position in shares of Booking in the third quarter valued at approximately $155,427,000. 1832 Asset Management L.P. increased its stake in shares of Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock valued at $282,590,000 after acquiring an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock worth $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Bank of America lifted their target price on Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Morgan Stanley lifted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Finally, Mizuho increased their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average price target of $4,837.17.

Booking Price Performance

BKNG traded up $12.40 during midday trading on Friday, hitting $5,300.34. 188,296 shares of the company's stock traded hands, compared to its average volume of 219,432. The stock's fifty day simple moving average is $4,705.52 and its 200-day simple moving average is $4,143.70. Booking Holdings Inc. has a one year low of $3,177.16 and a one year high of $5,337.20. The company has a market cap of $175.43 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking's payout ratio is 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.