Inspire Trust Co. N.A. Purchases 368 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Inspire Trust Co. N.A. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 404.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the business services provider's stock after acquiring an additional 368 shares during the period. Inspire Trust Co. N.A.'s holdings in Booking were worth $1,933,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter worth about $25,000. Grove Bank & Trust lifted its holdings in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC bought a new position in Booking during the third quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 0.8 %

Shares of Booking stock traded down $41.32 during trading on Friday, reaching $5,227.61. The company's stock had a trading volume of 141,834 shares, compared to its average volume of 245,170. The stock has a 50-day moving average price of $4,792.61 and a two-hundred day moving average price of $4,181.06. The stock has a market capitalization of $173.03 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking's dividend payout ratio is presently 23.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wedbush upped their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Benchmark reaffirmed a "buy" rating and set a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Tigress Financial lifted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 18th. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $4,866.03.

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.