Larson Financial Group LLC Acquires 26 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Larson Financial Group LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 25.0% in the third quarter, HoldingsChannel reports. The fund owned 130 shares of the business services provider’s stock after buying an additional 26 shares during the period. Larson Financial Group LLC’s holdings in Booking were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the third quarter valued at about $25,000. Grove Bank & Trust boosted its holdings in Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in Booking during the 2nd quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in Booking in the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $5,108.83 on Tuesday. The company has a 50-day simple moving average of $4,505.25 and a two-hundred day simple moving average of $4,053.29. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,237.00. The stock has a market capitalization of $169.09 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.69%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

BKNG has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Oppenheimer raised their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

Booking Company 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.