Private Trust Co. NA Buys 53 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Private Trust Co. NA raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 43.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175 shares of the business services provider’s stock after purchasing an additional 53 shares during the quarter. Private Trust Co. NA’s holdings in Booking were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Garner Asset Management Corp lifted its holdings in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Booking by 8.1% in the 2nd quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3 shares in the last quarter. American National Bank increased its position in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after buying an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management raised its holdings in shares of Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BKNG shares. Morgan Stanley increased their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Tigress Financial boosted their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

Booking Stock Up 2.1 %

BKNG stock opened at $5,214.72 on Wednesday. The business has a 50 day moving average of $4,528.70 and a 200 day moving average of $4,063.21. The firm has a market cap of $172.61 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,237.00.

Booking Announces Dividend

The business 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. 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 is presently 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.