Fiduciary Trust Co Buys 211 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Fiduciary Trust Co boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,482 shares of the business services provider’s stock after purchasing an additional 211 shares during the quarter. Fiduciary Trust Co’s holdings in Booking were worth $6,244,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC boosted 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 purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Booking in the third quarter valued at approximately $5,322,600,000. 1832 Asset Management L.P. boosted its position in shares of Booking by 106.0% in 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 acquiring an additional 36,710 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after acquiring an additional 35,270 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Booking in the second quarter valued at approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.2 %

Shares of BKNG stock opened at $5,223.15 on Friday. The stock has a 50-day moving average price of $4,576.71 and a 200 day moving average price of $4,079.32. The firm has a market cap of $172.89 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,237.00.

Booking Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on BKNG. Wedbush increased their price objective on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Susquehanna increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Finally, Oppenheimer raised their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.