Peapack Gladstone Financial Corp Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Peapack Gladstone Financial Corp decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,554 shares of the business services provider’s stock after selling 496 shares during the period. Peapack Gladstone Financial Corp’s holdings in Booking were worth $27,606,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Icon Wealth Advisors LLC lifted its holdings in 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 valued at $981,929,000 after acquiring an additional 233,052 shares during the period. International Assets Investment Management LLC acquired a new position in Booking in the third quarter valued at approximately $5,322,600,000. Harvard Management Co. Inc. acquired a new position in Booking in the third 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 period. Finally, AustralianSuper Pty Ltd lifted its holdings 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 valued at $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.

Booking Trading Down 0.5 %

BKNG opened at $5,268.93 on Friday. The firm has a market cap of $174.40 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 2.14 and a beta of 1.41. The stock’s 50-day moving average price is $4,792.61 and its 200 day moving average price is $4,181.06. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking Dividend Announcement

The business 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Oppenheimer upped their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Jefferies Financial Group boosted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their price target on 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. BMO Capital Markets boosted their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,866.03.

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.