Janney Montgomery Scott LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Janney Montgomery Scott LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,357 shares of the business services provider's stock after acquiring an additional 139 shares during the quarter. Janney Montgomery Scott LLC's holdings in Booking were worth $9,928,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter valued at $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking during the second quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in Booking in the second quarter worth $28,000. Finally, West Financial Advisors LLC bought a new position in Booking in the 3rd quarter worth about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.1 %

BKNG stock traded up $6.13 during midday trading on Friday, hitting $4,927.00. The company's stock had a trading volume of 159,721 shares, compared to its average volume of 247,960. The stock has a market cap of $163.08 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $2,998.52 and a 1 year high of $5,060.50. The stock's 50-day moving average price is $4,199.26 and its 200 day moving average price is $3,914.68.

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 issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. Booking's payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Mizuho upped their price target 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. Morgan Stanley upped their target price 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. Evercore ISI decreased their price target on shares of Booking from $4,500.00 to $4,200.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Argus cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Twelve investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4,749.83.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company's stock.

About Booking

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.