Graypoint LLC Buys 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Graypoint LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226 shares of the business services provider’s stock after buying an additional 8 shares during the period. Graypoint LLC’s holdings in Booking were worth $1,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC increased its position in Booking by 7.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after buying an additional 3 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Booking by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,158 shares of the business services provider’s stock worth $5,753,000 after purchasing an additional 21 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Booking by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,610 shares of the business services provider’s stock worth $32,841,000 after purchasing an additional 90 shares in the last quarter. Private Client Services LLC bought a new stake in shares of Booking in the 4th quarter worth $230,000. Finally, Fulton Bank N.A. increased its holdings in shares of Booking by 7.5% in the 4th quarter. Fulton Bank N.A. now owns 604 shares of the business services provider’s stock worth $3,001,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Truist Financial lifted their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,972.75.

Booking Stock Down 2.7 %

Shares of Booking stock opened at $4,739.55 on Friday. The stock’s 50-day simple moving average is $5,060.04 and its 200-day simple moving average is $4,347.84. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization of $156.86 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.74%. 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.