Traveka Wealth LLC Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Traveka Wealth LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 92 shares of the business services provider’s stock after buying an additional 7 shares during the quarter. Traveka Wealth LLC’s holdings in Booking were worth $458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the 3rd quarter worth $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter worth about $29,000. Addison Advisors LLC boosted its stake in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the last quarter. Fairscale Capital LLC purchased a new position in Booking during the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. increased its stake in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. DA Davidson boosted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays increased their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Wedbush boosted their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Bank of America lifted their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. 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 stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Trading Up 0.5 %

Shares of NASDAQ BKNG opened at $4,763.90 on Tuesday. The stock has a market capitalization of $157.67 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock’s fifty day simple moving average is $5,059.78 and its two-hundred day simple moving average is $4,358.07.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 0.73%. Booking’s dividend payout ratio 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.