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

Simon Quick Advisors LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357 shares of the business services provider’s stock after purchasing an additional 36 shares during the period. Simon Quick Advisors LLC’s holdings in Booking were worth $1,774,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its position in shares of Booking by 15.4% during the 2nd quarter. AE Wealth Management LLC now owns 360 shares of the business services provider’s stock valued at $1,427,000 after buying an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Booking by 6.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 130 shares of the business services provider’s stock worth $483,000 after acquiring an additional 8 shares during the period. Distillate Capital Partners LLC boosted its position in shares of Booking by 162,750.0% in the second quarter. Distillate Capital Partners LLC now owns 6,514 shares of the business services provider’s stock worth $25,805,000 after purchasing an additional 6,510 shares during the period. Semmax Financial Advisors Inc. boosted its position in shares of Booking by 10.3% in the second quarter. Semmax Financial Advisors Inc. now owns 1,368 shares of the business services provider’s stock worth $5,419,000 after purchasing an additional 128 shares during the period. Finally, Insigneo Advisory Services LLC increased its stake in shares of Booking by 12.2% in the second quarter. Insigneo Advisory Services LLC now owns 257 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 28 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on BKNG shares. Piper Sandler upped their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho increased their target price 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. Citigroup boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Tigress Financial lifted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

BKNG opened at $4,686.41 on Wednesday. The stock’s 50 day moving average price is $5,049.41 and its 200-day moving average price is $4,391.39. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market cap of $155.12 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 1.67 and a beta of 1.41.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

About Booking

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.