Integrated Wealth Concepts LLC Has $1.24 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Integrated Wealth Concepts LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294 shares of the business services provider’s stock after selling 3 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Booking were worth $1,237,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust raised its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking in the second quarter worth about $28,000. Kings Path Partners LLC bought a new stake in shares of Booking during the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the 3rd quarter valued at about $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Booking stock opened at $5,300.34 on Monday. The business has a 50 day simple moving average of $4,705.52 and a 200 day simple moving average of $4,145.94. The company has a market capitalization of $175.43 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,177.16 and a one year high of $5,337.20.

Booking Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.66%. Booking’s payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. Wedbush boosted their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,837.17.

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.