Rockingstone Advisors LLC Purchases 16 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Rockingstone Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135 shares of the business services provider’s stock after purchasing an additional 16 shares during the period. Rockingstone Advisors LLC’s holdings in Booking were worth $671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Anglin Financial LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $214,000. Park Avenue Securities LLC increased its holdings in Booking by 0.9% during the 4th quarter. Park Avenue Securities LLC now owns 579 shares of the business services provider’s stock worth $2,877,000 after purchasing an additional 5 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Booking by 9.2% in the 4th quarter. Kathmere Capital Management LLC now owns 202 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 17 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its stake in Booking by 4.9% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 3 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Booking by 10.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 337 shares of the business services provider’s stock valued at $1,674,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BKNG shares. Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Jefferies Financial Group raised their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. UBS Group upped their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Baird R W raised shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Trading Up 1.1 %

NASDAQ BKNG opened at $4,829.64 on Thursday. The company has a 50 day moving average of $5,057.06 and a 200-day moving average of $4,363.83. The company has a market cap of $159.86 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.