Booking Holdings Inc. (NASDAQ:BKNG) Stake Reduced by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 294 shares of the business services provider’s stock after selling 3 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Booking were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Cumberland Partners Ltd raised its holdings in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its position 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 period. Infusive Asset Management Inc. grew its holdings in Booking by 75.9% in the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after buying an additional 516 shares in the last quarter. Finally, Claro Advisors LLC increased its position in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.2 %

NASDAQ:BKNG opened at $5,300.34 on Monday. Booking Holdings Inc. has a 1-year low of $3,177.16 and a 1-year high of $5,337.20. The firm has a market capitalization of $175.43 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.12 and a beta of 1.41. The business’s fifty day moving average price is $4,705.52 and its 200 day moving average price is $4,145.94.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is 23.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BKNG shares. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer raised their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price objective 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. Finally, Morgan Stanley boosted their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,837.17.

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.