Allen Capital Group LLC Has $2.29 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Allen Capital Group LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 543 shares of the business services provider’s stock after purchasing an additional 32 shares during the quarter. Allen Capital Group LLC’s holdings in Booking were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the 2nd 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 last quarter. POM Investment Strategies LLC bought a new position in Booking in the 2nd quarter valued at $28,000. Kings Path Partners LLC bought a new stake in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter worth $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG opened at $5,199.31 on Friday. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,211.66. The company has a fifty day moving average price of $4,457.76 and a 200-day moving average price of $4,027.25. The firm has a market capitalization of $172.10 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.55 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. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking’s payout ratio is 23.75%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BKNG. B. Riley lifted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Morgan Stanley boosted their target price on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, DA Davidson upped their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

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.