CNB Bank Has $1.16 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

CNB Bank increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234 shares of the business services provider’s stock after purchasing an additional 18 shares during the quarter. CNB Bank’s holdings in Booking were worth $1,163,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BKNG. Icon Wealth Advisors LLC raised its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Booking in the third quarter valued at about $5,322,600,000. Empirical Asset Management LLC acquired a new position in shares of Booking during the 4th quarter worth about $207,089,000. Harvard Management Co. Inc. bought a new stake in shares of Booking in the 3rd quarter valued at about $155,427,000. Finally, 1832 Asset Management L.P. boosted its stake in Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after acquiring an additional 36,710 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

BKNG opened at $4,961.57 on Friday. The firm has a market cap of $164.23 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The business’s fifty day moving average is $5,053.63 and its 200-day moving average is $4,367.09. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Bank of America increased their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. 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. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Finally, UBS Group lifted their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

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.