Range Financial Group LLC Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Range Financial Group LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 361.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 756 shares of the business services provider’s stock after purchasing an additional 592 shares during the quarter. Booking makes up about 1.7% of Range Financial Group LLC’s investment portfolio, making the stock its 6th largest position. Range Financial Group LLC’s holdings in Booking were worth $3,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV raised its stake in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares in the last quarter. Cumberland Partners Ltd increased its holdings in shares of Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings in shares of 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 worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BKNG. UBS Group lifted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Mizuho boosted their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. B. Riley boosted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4,972.75.

Booking Trading Down 2.3 %

Shares of BKNG traded down $113.69 during midday trading on Tuesday, hitting $4,796.10. 220,276 shares of the company’s stock traded hands, compared to its average volume of 200,103. The firm’s fifty day moving average is $5,040.76 and its 200-day moving average is $4,329.43. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market capitalization of $158.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend 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.