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

CWA Asset Management Group LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 214.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 751 shares of the business services provider's stock after acquiring an additional 512 shares during the period. CWA Asset Management Group LLC's holdings in Booking were worth $3,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC acquired a new position in shares of Booking during the 3rd quarter worth approximately $29,000. Addison Advisors LLC lifted its position in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after buying an additional 4 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Booking in the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock worth $42,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of NASDAQ BKNG traded down $113.69 during trading on Tuesday, reaching $4,796.10. The stock had a trading volume of 220,277 shares, compared to its average volume of 201,319. The business's 50-day moving average price is $5,040.76 and its 200-day moving average price is $4,329.43. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a market cap of $158.74 billion, a P/E ratio of 32.54, a PEG ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. Booking's dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 target price on the stock. Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Piper Sandler raised their target price on Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Bank of America lifted their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Finally, Oppenheimer increased their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Ten 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4,972.75.

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.