Sanctuary Advisors LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,737 shares of the business services provider's stock after purchasing an additional 180 shares during the quarter. Sanctuary Advisors LLC's holdings in Booking were worth $7,316,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Garner Asset Management Corp lifted its stake in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock worth $1,087,000 after acquiring an additional 2 shares during the last quarter. American National Bank lifted its holdings in shares of Booking by 3.7% in the 2nd quarter. American National Bank now owns 84 shares of the business services provider's stock valued at $333,000 after buying an additional 3 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider's stock worth $380,000 after purchasing an additional 3 shares in the last quarter. Jacobsen Capital Management boosted its holdings in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider's stock worth $757,000 after buying an additional 3 shares in the last quarter. Finally, Optas LLC grew its holdings in shares of Booking by 2.9% in the 2nd quarter. Optas LLC now owns 107 shares of the business services provider's stock worth $424,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Jefferies Financial Group raised their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, Piper Sandler lifted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $4,866.03.
Check Out Our Latest Stock Analysis on BKNG
Booking Price Performance
Shares of BKNG traded down $41.32 during mid-day trading on Friday, hitting $5,227.61. The company's stock had a trading volume of 141,834 shares, compared to its average volume of 245,170. The firm has a 50-day moving average price of $4,813.41 and a 200 day moving average price of $4,193.81. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market capitalization of $173.03 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.14 and a beta of 1.41.
Booking Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking's dividend payout ratio (DPR) is 23.75%.
Booking Company Profile
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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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