Pensionfund Sabic Has $2.73 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Pensionfund Sabic boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 550 shares of the business services provider's stock after acquiring an additional 150 shares during the quarter. Pensionfund Sabic's holdings in Booking were worth $2,733,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC increased its holdings in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking during the third quarter valued at about $5,322,600,000. Harvard Management Co. Inc. bought a new stake in shares of Booking during the 3rd quarter worth about $155,427,000. 1832 Asset Management L.P. grew its holdings in Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Booking in the 2nd quarter valued at $125,615,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Performance

Booking stock traded up $5.94 during midday trading on Monday, reaching $4,909.79. The stock had a trading volume of 278,209 shares, compared to its average volume of 195,002. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm's fifty day simple moving average is $5,029.52 and its 200-day simple moving average is $4,322.82. The stock has a market capitalization of $162.50 billion, a P/E ratio of 33.32, a price-to-earnings-growth 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 $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking's payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America increased their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Wedbush raised their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday. Benchmark restated a "buy" rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Mizuho upped their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Morgan Stanley lifted their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,972.75.

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.