Investment Management Corp of Ontario Purchases 169 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Investment Management Corp of Ontario increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,564 shares of the business services provider’s stock after acquiring an additional 169 shares during the period. Investment Management Corp of Ontario’s holdings in Booking were worth $23,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC raised its position in 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 acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the 3rd quarter worth $5,322,600,000. Harvard Management Co. Inc. purchased a new position in shares of Booking in the third quarter valued at about $155,427,000. 1832 Asset Management L.P. raised its position in Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after buying an additional 35,270 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BKNG. Royal Bank of Canada lifted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities upped their price target on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Stock Up 0.4 %

BKNG stock opened at $5,224.28 on Tuesday. Booking Holdings Inc. has a twelve month low of $3,104.48 and a twelve month high of $5,237.00. The business’s fifty day simple moving average is $4,599.47 and its two-hundred day simple moving average is $4,093.76. The firm has a market cap of $172.92 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41.

Booking Announces Dividend

The firm also recently declared 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. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.