CWA Asset Management Group LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

CWA Asset Management Group LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 239 shares of the business services provider's stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC grew its stake in Booking by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider's stock worth $3,153,000 after buying an additional 3 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,461,000 after purchasing an additional 3 shares in the last quarter. CVA Family Office LLC grew its position in Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider's stock valued at $158,000 after purchasing an additional 3 shares in the last quarter. American National Bank lifted its stake in Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider's stock valued at $333,000 after acquiring an additional 3 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock valued at $380,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BKNG shares. BMO Capital Markets boosted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. DA Davidson lifted 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. Argus downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Benchmark reaffirmed a "buy" rating and issued a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Finally, Barclays boosted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Eleven equities research 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 MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Booking Stock Performance

NASDAQ:BKNG traded up $108.31 during trading hours on Monday, hitting $5,051.58. The stock had a trading volume of 98,837 shares, compared to its average volume of 247,829. Booking Holdings Inc. has a one year low of $3,076.54 and a one year high of $5,069.00. The business's 50 day moving average is $4,240.54 and its 200-day moving average is $3,937.66. The company has a market cap of $167.21 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 1.54 and a beta of 1.38.

Booking Dividend Announcement

The company also recently announced 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 0.69%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is currently 23.75%.

Booking Company 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.