Claro Advisors LLC Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Claro Advisors LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 81.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 163 shares of the business services provider’s stock after purchasing an additional 73 shares during the period. Claro Advisors LLC’s holdings in Booking were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Trustmark National Bank Trust Department boosted its position in Booking by 6.3% in the 1st quarter. Trustmark National Bank Trust Department now owns 187 shares of the business services provider’s stock valued at $678,000 after buying an additional 11 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in Booking in the 1st quarter valued at approximately $108,836,000. Bessemer Group Inc. boosted its position in Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after buying an additional 61,268 shares during the period. Lake Street Advisors Group LLC boosted its position in Booking by 30.4% in the 1st quarter. Lake Street Advisors Group LLC now owns 292 shares of the business services provider’s stock valued at $1,059,000 after buying an additional 68 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in Booking by 1.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,149 shares of the business services provider’s stock valued at $327,161,000 after buying an additional 958 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent analyst reports. 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. Evercore ISI decreased their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. B. Riley lifted 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 report on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, JMP Securities lifted their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.12% of the company’s stock.

Booking Stock Up 0.1 %

Shares of Booking stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,069.44. The company’s 50-day simple moving average is $4,360.27 and its 200-day simple moving average is $3,991.30. The firm has a market cap of $164.68 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is 23.75%.

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.