Booking Holdings Inc. (NASDAQ:BKNG) Stake Raised by Callahan Advisors LLC

Callahan Advisors LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,018 shares of the business services provider’s stock after acquiring an additional 73 shares during the quarter. Booking comprises about 1.6% of Callahan Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Callahan Advisors LLC’s holdings in Booking were worth $16,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in Booking in the 1st quarter worth about $537,000. BDF Gestion acquired a new position in shares of Booking in the 2nd quarter valued at about $6,897,000. Gamco Investors INC. ET AL purchased a new position in Booking during the first quarter valued at approximately $519,000. CWM LLC increased its stake in Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after buying an additional 277 shares during the period. Finally, Claro Advisors LLC lifted its position in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after buying an additional 15,002 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $4,914.98 on Wednesday. The firm has a market capitalization of $162.69 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.49 and a beta of 1.38. The company’s fifty day moving average is $4,177.20 and its two-hundred day moving average is $3,907.03. Booking Holdings Inc. has a 52-week low of $2,888.45 and a 52-week high of $4,916.01.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s dividend payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Wedbush increased their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial started coverage on shares of Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,729.14.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.12% of the company’s stock.

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.