Crestwood Advisors Group LLC Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Crestwood Advisors Group LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,992 shares of the business services provider’s stock after buying an additional 597 shares during the period. Booking makes up about 1.6% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 12th biggest position. Crestwood Advisors Group LLC’s holdings in Booking were worth $84,211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Pittenger & Anderson Inc. boosted its stake in shares of Booking by 88.6% during the 3rd quarter. Pittenger & Anderson Inc. now owns 628 shares of the business services provider’s stock valued at $2,645,000 after buying an additional 295 shares during the last quarter. Amalgamated Bank raised its holdings in Booking by 8.5% in the third quarter. Amalgamated Bank now owns 7,889 shares of the business services provider’s stock valued at $33,229,000 after acquiring an additional 617 shares in the last quarter. Martin Investment Management LLC raised its holdings in Booking by 1.3% in the third quarter. Martin Investment Management LLC now owns 2,857 shares of the business services provider’s stock valued at $12,034,000 after acquiring an additional 36 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Booking by 2.3% during the 3rd quarter. QRG Capital Management Inc. now owns 744 shares of the business services provider’s stock valued at $3,134,000 after acquiring an additional 17 shares during the last quarter. Finally, National Pension Service grew its holdings in Booking by 13.6% during the 3rd quarter. National Pension Service now owns 82,130 shares of the business services provider’s stock worth $345,941,000 after acquiring an additional 9,803 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of the business’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 sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Booking Stock Up 0.6 %

Shares of BKNG traded up $26.58 during midday trading on Tuesday, reaching $4,803.04. 12,434 shares of the stock were exchanged, compared to its average volume of 246,108. The firm has a 50 day simple moving average of $4,156.53 and a 200-day simple moving average of $3,896.46. Booking Holdings Inc. has a 12-month low of $2,888.45 and a 12-month high of $4,856.60. The company has a market cap of $158.98 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.49 and a beta of 1.38.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 0.73%. Booking’s payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America increased their target price on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday, October 29th. DA Davidson raised their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, B. Riley lifted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4,708.45.

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.