Conway Capital Management Inc. Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Conway Capital Management Inc. purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 137 shares of the business services provider's stock, valued at approximately $577,000.

A number of other hedge funds also recently bought and sold shares of BKNG. Drucker Wealth 3.0 LLC raised its position in Booking by 1.2% during the third quarter. Drucker Wealth 3.0 LLC now owns 917 shares of the business services provider's stock valued at $3,863,000 after purchasing an additional 11 shares during the period. EWA LLC increased its position in shares of Booking by 5.3% during the 3rd quarter. EWA LLC now owns 120 shares of the business services provider's stock valued at $505,000 after purchasing an additional 6 shares during the last quarter. MML Investors Services LLC raised its holdings in Booking by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 12,616 shares of the business services provider's stock valued at $53,140,000 after buying an additional 206 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in Booking in the third quarter worth $383,000. Finally, Dunhill Financial LLC boosted its stake in Booking by 2.0% during the third quarter. Dunhill Financial LLC now owns 155 shares of the business services provider's stock worth $654,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKNG. UBS Group increased their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Argus lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. DA Davidson raised their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Benchmark reissued a "buy" rating and set a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Ten research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4,837.17.

Booking Trading Up 0.7 %

Shares of NASDAQ:BKNG traded up $35.73 during trading on Tuesday, reaching $5,185.33. The stock had a trading volume of 254,709 shares, compared to its average volume of 246,217. The company has a market capitalization of $171.63 billion, a P/E ratio of 35.19, a PEG ratio of 2.14 and a beta of 1.41. The firm's 50-day simple moving average is $4,724.27 and its 200 day simple moving average is $4,155.78. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.20.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio 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.