Cove Private Wealth LLC Purchases Shares of 98 Booking Holdings Inc. (NASDAQ:BKNG)

Cove Private Wealth LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 98 shares of the business services provider’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the 3rd quarter valued at $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking during the third quarter worth about $29,000. Addison Advisors LLC boosted its holdings in shares of Booking by 80.0% during 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 period. Fairscale Capital LLC bought a new stake in shares of Booking in the second quarter worth about $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings 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. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BKNG shares. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. 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. Barclays raised their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. UBS Group increased their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird assumed coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. Ten research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Stock Up 1.3 %

Shares of NASDAQ BKNG opened at $4,926.80 on Monday. The firm’s 50-day moving average price is $5,052.18 and its 200-day moving average price is $4,381.01. 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 cap of $163.08 billion, a PE ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend 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.