Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Increased by Townsquare Capital LLC

Townsquare Capital LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 24.3% during the third quarter, Holdings Channel reports. The institutional investor owned 4,618 shares of the business services provider’s stock after buying an additional 903 shares during the quarter. Townsquare Capital LLC’s holdings in Booking were worth $19,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its stake in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares in the last quarter. BDF Gestion acquired a new stake in shares of Booking during the second quarter worth $6,897,000. Cumberland Partners Ltd raised its position in shares of Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares during the period. CWM LLC raised its position in shares of Booking by 11.8% during the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares during the period. Finally, Icon Wealth Advisors LLC raised its position in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG opened at $5,214.72 on Wednesday. The stock has a fifty day moving average of $4,528.70 and a 200-day moving average of $4,063.21. The stock has a market capitalization of $172.61 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,237.00.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Robert W. Baird began coverage on Booking in a research report on Wednesday. They set an “outperform” rating and a $5,850.00 target price on the stock. Wedbush upped their price target on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Company 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.