Capital Market Strategies LLC Purchases 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Capital Market Strategies LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120 shares of the business services provider’s stock after purchasing an additional 5 shares during the quarter. Capital Market Strategies LLC’s holdings in Booking were worth $596,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Cumberland Partners Ltd raised its stake in shares of Booking by 25.0% during 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 during the period. Icon Wealth Advisors LLC increased its holdings in 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. Finally, Infusive Asset Management Inc. raised its position in Booking by 75.9% in the third quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after acquiring an additional 516 shares during the period. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Oppenheimer raised their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Citigroup upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Piper Sandler lifted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4,972.75.

Booking Trading Down 0.3 %

Shares of BKNG traded down $12.35 during mid-day trading on Monday, reaching $4,891.50. The company’s stock had a trading volume of 129,199 shares, compared to its average volume of 142,735. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market cap of $161.89 billion, a PE ratio of 33.19, a P/E/G ratio of 2.11 and a beta of 1.41. The company’s fifty day moving average price is $5,029.52 and its two-hundred day moving average price is $4,322.82.

Booking Announces Dividend

The firm 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. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.72%. Booking’s payout ratio 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.