368 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Worth Asset Management LLC

Worth Asset Management LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, HoldingsChannel reports. The fund acquired 368 shares of the business services provider’s stock, valued at approximately $1,828,000. Booking comprises about 1.0% of Worth Asset Management LLC’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC raised its stake in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking during the 3rd quarter valued at $5,322,600,000. Harvard Management Co. Inc. acquired a new position in shares of Booking in the 3rd quarter valued at $155,427,000. 1832 Asset Management L.P. boosted its position in shares of Booking by 106.0% in 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 purchasing an additional 36,710 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking during the second quarter worth $125,615,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.7 %

Shares of NASDAQ:BKNG traded up $34.09 during midday trading on Wednesday, hitting $4,830.19. The stock had a trading volume of 97,991 shares, compared to its average volume of 177,295. The business’s 50-day simple moving average is $5,048.13 and its 200-day simple moving average is $4,335.11. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market cap of $159.86 billion, a P/E ratio of 32.78, a PEG ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.72%. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKNG. The Goldman Sachs Group raised their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. B. Riley increased their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Mizuho lifted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Ten equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,972.75.

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.