Booking Holdings Inc. (NASDAQ:BKNG) Stake Boosted by Brighton Jones LLC

Brighton Jones LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251 shares of the business services provider’s stock after purchasing an additional 65 shares during the period. Brighton Jones LLC’s holdings in Booking were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter valued at $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking in the 3rd quarter worth about $29,000. Addison Advisors LLC lifted its position in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the period. Finally, Friedenthal Financial bought a new position in Booking in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 1.1 %

Shares of Booking stock opened at $4,764.89 on Friday. The stock has a market cap of $157.70 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business has a fifty day simple moving average of $5,032.26 and a 200-day simple moving average of $4,401.19.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid 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 0.73%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKNG. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush raised their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.