Stifel Financial Corp cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,380 shares of the business services provider's stock after selling 559 shares during the quarter. Stifel Financial Corp's holdings in Booking were worth $47,934,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BKNG. Icon Wealth Advisors LLC raised its stake in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $5,322,600,000. Harvard Management Co. Inc. purchased a new stake in shares of Booking during the 3rd quarter valued at approximately $155,427,000. 1832 Asset Management L.P. lifted its holdings in Booking by 106.0% in 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 acquiring an additional 36,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock worth $145,755,000 after acquiring an additional 35,270 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Citigroup upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Barclays lifted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, BMO Capital Markets lifted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $4,837.17.
Read Our Latest Research Report on BKNG
Booking Trading Up 0.2 %
Shares of NASDAQ BKNG traded up $12.40 during midday trading on Friday, reaching $5,300.34. The company's stock had a trading volume of 188,296 shares, compared to its average volume of 219,432. The stock has a 50 day simple moving average of $4,705.52 and a 200-day simple moving average of $4,143.70. The stock has a market capitalization of $175.43 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.12 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,177.16 and a fifty-two week high of $5,337.20.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.66%. Booking's payout ratio is presently 23.75%.
Booking 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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