Oddo BHF Asset Management Sas Makes New $18.51 Million Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Oddo BHF Asset Management Sas acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,394 shares of the business services provider’s stock, valued at approximately $18,508,000. Booking makes up about 0.9% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 27th largest position.

Several other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Booking by 1.4% during the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after buying an additional 11,211 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Booking by 0.5% during 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 acquiring an additional 2,321 shares during the last quarter. Fisher Asset Management LLC boosted its stake 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 acquiring an additional 13,429 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Booking by 3.1% in 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 acquiring an additional 10,889 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Booking by 4.1% during the third 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 purchasing an additional 11,649 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company boosted 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. B. Riley raised their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,866.03.

Booking Stock Performance

BKNG opened at $5,268.93 on Friday. The company has a market cap of $174.40 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. The stock has a 50-day moving average of $4,792.61 and a 200-day moving average of $4,181.06. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.66%. Booking’s payout ratio is currently 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.