Diversified Trust Co Raises Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Diversified Trust Co increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 18.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,353 shares of the business services provider’s stock after acquiring an additional 207 shares during the quarter. Diversified Trust Co’s holdings in Booking were worth $6,727,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC grew its holdings in Booking by 4.4% during the 2nd quarter. Private Advisor Group LLC now owns 2,375 shares of the business services provider’s stock worth $9,407,000 after acquiring an additional 101 shares in the last quarter. Ballentine Partners LLC raised its stake in Booking by 32.8% in the second quarter. Ballentine Partners LLC now owns 397 shares of the business services provider’s stock worth $1,573,000 after buying an additional 98 shares in the last quarter. X Square Capital LLC lifted its holdings in Booking by 10.7% during the second quarter. X Square Capital LLC now owns 321 shares of the business services provider’s stock worth $1,272,000 after buying an additional 31 shares during the period. First Foundation Advisors boosted its position in Booking by 10.2% during the 2nd quarter. First Foundation Advisors now owns 97 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 9 shares in the last quarter. Finally, Fairbanks Capital Management Inc. increased its holdings in shares of Booking by 2.3% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 1,012 shares of the business services provider’s stock valued at $4,009,000 after acquiring an additional 23 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ:BKNG traded down $85.41 during trading hours on Tuesday, reaching $4,824.38. The company had a trading volume of 60,336 shares, compared to its average volume of 160,034. The firm has a market cap of $159.67 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business’s 50 day moving average price is $5,040.76 and its 200-day moving average price is $4,329.43.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKNG. Wells Fargo & Company lifted their target price on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Wedbush raised their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday. Mizuho upped their price target on 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, Susquehanna boosted their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,972.75.

Booking Company 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.