Drive Wealth Management LLC Has $473,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Drive Wealth Management LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112 shares of the business services provider’s stock after buying an additional 25 shares during the quarter. Drive Wealth Management LLC’s holdings in Booking were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Booking in the 3rd quarter valued at approximately $5,322,600,000. Bessemer Group Inc. boosted its holdings in shares of Booking by 4,565.4% during the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after acquiring an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. grew its position 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. AustralianSuper Pty Ltd increased its holdings in Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in Booking in the second quarter valued at about $125,615,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BKNG shares. Mizuho boosted their price target on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Benchmark reiterated a “buy” rating and set a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. JMP Securities increased their price objective on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, B. Riley lifted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Stock Up 0.1 %

NASDAQ BKNG opened at $4,975.19 on Monday. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44. The business has a 50 day moving average price of $4,360.27 and a 200-day moving average price of $3,991.30. The company has a market cap of $164.68 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently declared 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 is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s payout ratio is 23.75%.

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.