Quest Partners LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 232.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256 shares of the business services provider's stock after purchasing an additional 179 shares during the quarter. Quest Partners LLC's holdings in Booking were worth $1,078,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new position in shares of Booking in the first quarter valued at $537,000. EP Wealth Advisors LLC lifted its position in Booking by 2.2% during the first quarter. EP Wealth Advisors LLC now owns 793 shares of the business services provider's stock worth $2,877,000 after acquiring an additional 17 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Booking by 23.8% in the first quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider's stock valued at $1,886,000 after purchasing an additional 100 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Booking by 0.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,461,000 after purchasing an additional 3 shares during the period. Finally, Guardian Capital LP lifted its holdings in Booking by 3.0% during the 1st quarter. Guardian Capital LP now owns 3,187 shares of the business services provider's stock worth $11,562,000 after purchasing an additional 94 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Stock Up 1.5 %
Shares of NASDAQ BKNG traded up $73.75 on Thursday, reaching $5,090.18. 49,256 shares of the company's stock traded hands, compared to its average volume of 246,656. The company has a market cap of $168.48 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The business's 50 day simple moving average is $4,431.19 and its two-hundred day simple moving average is $4,019.06. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,090.18.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.69%. Booking's dividend payout ratio is currently 23.75%.
Insider Transactions at Booking
In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction on 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 sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Wedbush increased their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Citigroup raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Susquehanna lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $4,785.00.
Check Out Our Latest Report on BKNG
About Booking
(
Free Report)
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.
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