106 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 106 shares of the business services provider's stock, valued at approximately $527,000.

Other hedge funds have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after purchasing an additional 334 shares in the last quarter. Nordea Investment Management AB lifted 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 valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Principal Financial Group Inc. boosted its position in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock worth $2,106,000 after buying an additional 100 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in shares of 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 buying an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wedbush boosted their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. UBS Group lifted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $4,987.04.

Booking Trading Up 0.3 %

BKNG stock traded up $14.91 during trading on Tuesday, reaching $4,778.81. 206,077 shares of the stock were exchanged, compared to its average volume of 224,234. The firm's 50 day moving average is $5,059.78 and its 200 day moving average is $4,358.07. The firm has a market cap of $158.16 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking's dividend payout ratio is currently 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.