Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208 shares of the business services provider’s stock after purchasing an additional 8 shares during the period. Avestar Capital LLC’s holdings in Booking were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter valued at about $25,000. Grove Bank & Trust boosted its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the third quarter worth $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 2.1 %

Shares of Booking stock opened at $5,214.72 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,237.00. The company’s 50-day moving average price is $4,528.70 and its two-hundred day moving average price is $4,063.21. The stock has a market cap of $172.61 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. DA Davidson boosted their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays increased their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Evercore ISI reduced their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

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.