Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by J. Stern & Co. LLP

J. Stern & Co. LLP increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 55.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 722 shares of the business services provider’s stock after acquiring an additional 259 shares during the quarter. Booking makes up 0.3% of J. Stern & Co. LLP’s portfolio, making the stock its 21st biggest position. J. Stern & Co. LLP’s holdings in Booking were worth $3,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking during the 3rd quarter worth $25,000. Grove Bank & Trust lifted its position in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking in the second quarter worth about $28,000. Kings Path Partners LLC bought a new stake in Booking in the second quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKNG. Jefferies Financial Group lifted their target price 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. DA Davidson lifted their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. B. Riley lifted 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. Finally, Wedbush increased their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Trading Down 1.3 %

Shares of NASDAQ BKNG traded down $68.32 during mid-day trading on Tuesday, reaching $5,108.83. The company had a trading volume of 444,458 shares, compared to its average volume of 248,371. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00. The stock has a market cap of $169.09 billion, a PE ratio of 34.67, a P/E/G ratio of 1.61 and a beta of 1.38. The company has a 50-day moving average price of $4,505.25 and a two-hundred day moving average price of $4,053.29.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.69%. Booking’s payout ratio is presently 23.75%.

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.