Booking Holdings Inc. (NASDAQ:BKNG) Stake Lifted by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 90.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 160 shares of the business services provider’s stock after purchasing an additional 76 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Booking were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter worth about $25,000. Grove Bank & Trust increased its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Booking during the second quarter valued at approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new position in Booking in the 3rd quarter worth approximately $29,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays boosted their price target 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. Evercore ISI dropped their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. B. Riley upped their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,943.27 on Monday. The business has a 50 day simple moving average of $4,240.54 and a 200 day simple moving average of $3,934.73. Booking Holdings Inc. has a 52 week low of $2,998.52 and a 52 week high of $5,060.50. The stock has a market cap of $163.62 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.54 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. Booking’s dividend payout ratio (DPR) is 23.75%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the company’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 completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

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.