Range Financial Group LLC Purchases 592 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Range Financial Group LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 361.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 756 shares of the business services provider's stock after purchasing an additional 592 shares during the quarter. Booking accounts for approximately 1.7% of Range Financial Group LLC's portfolio, making the stock its 6th largest position. Range Financial Group LLC's holdings in Booking were worth $3,756,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp boosted its position in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC raised its stake in shares of Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after acquiring an additional 2 shares in the last quarter. Quent Capital LLC boosted its holdings in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider's stock valued at $477,000 after purchasing an additional 3 shares during the period. Hexagon Capital Partners LLC grew its stake in Booking by 23.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider's stock worth $67,000 after purchasing an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Booking by 1.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider's stock worth $1,229,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Truist Financial boosted 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 note on Thursday, November 7th. Tigress Financial raised their price target on Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a research note on Monday, November 18th. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Baird R W raised shares of Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $4,972.75.

Booking Price Performance

Shares of BKNG stock traded down $113.69 during midday trading on Tuesday, reaching $4,796.10. 220,277 shares of the company traded hands, compared to its average volume of 201,319. The firm has a market cap of $158.74 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm's 50 day simple moving average is $5,048.13 and its two-hundred day simple moving average is $4,335.11.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 0.73%. Booking's payout ratio is 23.75%.

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.