CTC Alternative Strategies Ltd. Invests $383,000 in Booking Holdings Inc. (NASDAQ:BKNG)

CTC Alternative Strategies Ltd. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 91 shares of the business services provider’s stock, valued at approximately $383,000. Booking makes up approximately 0.5% of CTC Alternative Strategies Ltd.’s portfolio, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after buying an additional 2,321 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after buying an additional 13,429 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after buying an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings 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. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BKNG. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. DA Davidson lifted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler lifted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,837.17.

Booking Trading Up 0.2 %

BKNG stock opened at $5,300.34 on Friday. Booking Holdings Inc. has a 52 week low of $3,177.16 and a 52 week high of $5,337.20. The company has a market cap of $175.43 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.12 and a beta of 1.41. The company’s 50-day moving average price is $4,705.52 and its 200 day moving average price is $4,143.70.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.