Incline Global Management LLC Has $9.51 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Incline Global Management LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,257 shares of the business services provider’s stock after selling 170 shares during the period. Booking makes up 4.2% of Incline Global Management LLC’s portfolio, making the stock its 16th largest holding. Incline Global Management LLC’s holdings in Booking were worth $9,507,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV grew its stake in 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 valued at $3,921,000 after buying an additional 334 shares during the last quarter. BDF Gestion acquired a new position in shares of Booking during the 2nd quarter worth approximately $6,897,000. Cumberland Partners Ltd grew its position in shares of Booking by 25.0% during the 3rd 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 in the last quarter. CWM LLC grew its position in shares of Booking by 11.8% during the 2nd 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 in the last quarter. Finally, Icon Wealth Advisors LLC grew its position in shares of Booking by 342,723.5% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Susquehanna increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” 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, November 4th. Finally, Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Stock Down 0.2 %

Booking stock traded down $8.88 during mid-day trading on Tuesday, hitting $5,215.40. 30,631 shares of the stock were exchanged, compared to its average volume of 246,044. The stock has a market capitalization of $172.63 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,104.48 and a 12 month high of $5,237.00. The firm’s fifty day simple moving average is $4,599.47 and its two-hundred day simple moving average is $4,093.76.

Booking Dividend Announcement

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

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.