LexAurum Advisors LLC Raises Position in Booking Holdings Inc. (NASDAQ:BKNG)

LexAurum Advisors LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. LexAurum Advisors LLC’s holdings in Booking were worth $263,000 as of its most recent SEC filing.

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

Booking Trading Down 1.1 %

Shares of BKNG stock opened at $4,764.89 on Friday. The stock has a market capitalization of $157.72 billion, a price-to-earnings 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 stock’s 50-day moving average price is $5,032.26 and its 200-day moving average price is $4,401.19.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Citigroup increased their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Tigress Financial boosted their price target on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Piper Sandler increased their price objective 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. Finally, Truist Financial boosted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.