Worth Asset Management LLC Buys Shares of 368 Booking Holdings Inc. (NASDAQ:BKNG)

Worth Asset Management LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 368 shares of the business services provider's stock, valued at approximately $1,828,000. Booking comprises approximately 1.0% of Worth Asset Management LLC's investment portfolio, making the stock its 28th biggest position.

A number of other large investors have also made changes to their positions in BKNG. Nations Financial Group Inc. IA ADV raised its stake in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB boosted its stake in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock worth $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Principal Financial Group Inc. grew its position in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Cumberland Partners Ltd increased its stake in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock valued at $2,106,000 after purchasing an additional 100 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in shares of 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. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG traded up $76.32 during trading hours on Wednesday, hitting $4,872.42. 266,274 shares of the stock were exchanged, compared to its average volume of 210,874. The stock's 50-day moving average price is $5,048.13 and its two-hundred day moving average price is $4,335.11. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $161.26 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, December 6th. Booking's dividend payout ratio (DPR) is 23.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BKNG shares. Susquehanna upped 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. Tigress Financial increased their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a report on Monday, November 18th. DA Davidson lifted their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays increased their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their price objective 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. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company 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.