FSA Wealth Management LLC Invests $59,000 in Booking Holdings Inc. (NASDAQ:BKNG)

FSA Wealth Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14 shares of the business services provider’s stock, valued at approximately $59,000.

Several other large investors have also recently added to or reduced their stakes in BKNG. Cetera Advisors LLC boosted its position in shares of Booking by 45.9% in the first quarter. Cetera Advisors LLC now owns 986 shares of the business services provider’s stock worth $3,577,000 after acquiring an additional 310 shares during the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Booking by 24.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 86 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 17 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Booking during the 2nd quarter valued at $32,000. Bank & Trust Co acquired a new stake in shares of Booking during the 2nd quarter worth $59,000. Finally, Quent Capital LLC raised its position in shares of Booking by 14.6% in the 2nd quarter. Quent Capital LLC now owns 110 shares of the business services provider’s stock worth $436,000 after buying an additional 14 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.4 %

Shares of NASDAQ BKNG opened at $5,201.98 on Monday. The stock has a market capitalization of $172.19 billion, a P/E ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38. The stock’s 50 day moving average price is $4,599.47 and its two-hundred day moving average price is $4,093.76. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,237.00.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. DA Davidson increased their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking 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.