Webster Bank N. A. Has $407,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Webster Bank N. A. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82 shares of the business services provider’s stock after buying an additional 3 shares during the period. Webster Bank N. A.’s holdings in Booking were worth $407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKNG. Pacer Advisors Inc. increased its position in Booking by 31.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,421 shares of the business services provider’s stock worth $36,871,000 after purchasing an additional 1,754 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in Booking in the fourth quarter worth approximately $257,000. PFG Investments LLC raised its position in Booking by 3.4% during the fourth quarter. PFG Investments LLC now owns 123 shares of the business services provider’s stock valued at $613,000 after acquiring an additional 4 shares in the last quarter. Drive Wealth Management LLC lifted its stake in Booking by 7.1% in the fourth quarter. Drive Wealth Management LLC now owns 120 shares of the business services provider’s stock valued at $595,000 after acquiring an additional 8 shares during the last quarter. Finally, Clarendon Private LLC bought a new stake in Booking in the fourth quarter worth approximately $904,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Truist Financial raised their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Wedbush upped their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

BKNG opened at $4,764.89 on Monday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $157.72 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. The firm’s 50-day simple moving average is $5,028.05 and its 200-day simple moving average is $4,412.56.

Booking Announces Dividend

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