Montecito Bank & Trust Acquires 40 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Montecito Bank & Trust raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 312 shares of the business services provider’s stock after purchasing an additional 40 shares during the period. Montecito Bank & Trust’s holdings in Booking were worth $1,550,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the third quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new stake in Booking during the 3rd quarter worth about $29,000. Addison Advisors LLC lifted its stake in shares of 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 period. Carmichael Hill & Associates Inc. grew 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 valued at $42,000 after purchasing an additional 4 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Booking during the fourth quarter worth about $50,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BKNG. Morgan Stanley boosted their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Truist Financial increased their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten research 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. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Trading Up 4.3 %

NASDAQ:BKNG opened at $4,818.14 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business’s fifty day moving average price is $5,035.32 and its 200 day moving average price is $4,398.27. The firm has a market capitalization of $159.48 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.57 and a beta of 1.41.

Booking Announces Dividend

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 $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.