Erste Asset Management GmbH Buys Shares of 11,012 Booking Holdings Inc. (NASDAQ:BKNG)

Erste Asset Management GmbH purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,012 shares of the business services provider’s stock, valued at approximately $46,667,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jamison Private Wealth Management Inc. bought a new stake in Booking during the third quarter valued at about $25,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in Booking in the 2nd quarter worth approximately $28,000. Kings Path Partners LLC purchased a new stake in Booking in the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.4 %

BKNG stock opened at $5,201.98 on Friday. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,237.00. The firm has a market cap of $172.19 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38. The business’s fifty day simple moving average is $4,599.47 and its two-hundred day simple moving average is $4,091.65.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BKNG shares. Jefferies Financial Group increased their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Finally, Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,820.50.

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.