Ballentine Partners LLC Purchases 17 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ballentine Partners LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403 shares of the business services provider’s stock after acquiring an additional 17 shares during the period. Ballentine Partners LLC’s holdings in Booking were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC bought a new stake in Booking in the 3rd quarter worth approximately $5,322,600,000. Empirical Asset Management LLC bought a new stake in Booking in the 4th quarter worth approximately $207,089,000. Harvard Management Co. Inc. bought a new stake in Booking in the 3rd quarter worth approximately $155,427,000. Finally, Magnolia Capital Advisors LLC bought a new stake in Booking in the 2nd quarter worth approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 4.9 %

Shares of NASDAQ BKNG opened at $4,686.41 on Wednesday. The firm’s 50-day moving average price is $5,049.41 and its 200-day moving average price is $4,391.39. The stock has a market capitalization 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 Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on BKNG. BMO Capital Markets lifted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. DA Davidson boosted their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Truist Financial boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

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.