Evergreen Wealth Management LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Evergreen Wealth Management LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301 shares of the business services provider’s stock after buying an additional 33 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Booking were worth $1,266,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in shares of Booking by 2.7% in the third quarter. Natixis Advisors LLC now owns 15,608 shares of the business services provider’s stock worth $65,743,000 after purchasing an additional 415 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Booking by 464.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 14,770 shares of the business services provider’s stock valued at $62,213,000 after buying an additional 12,155 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in Booking by 8.2% in the 3rd quarter. KCM Investment Advisors LLC now owns 369 shares of the business services provider’s stock worth $1,555,000 after buying an additional 28 shares during the period. Empowered Funds LLC increased its stake in Booking by 7.2% in the 3rd quarter. Empowered Funds LLC now owns 3,971 shares of the business services provider’s stock worth $16,726,000 after buying an additional 266 shares in the last quarter. Finally, Empirical Finance LLC raised its holdings in Booking by 1.7% during the third quarter. Empirical Finance LLC now owns 1,270 shares of the business services provider’s stock valued at $5,349,000 after acquiring an additional 21 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock traded up $4.21 during trading on Friday, reaching $4,975.19. 235,745 shares of the company traded hands, compared to its average volume of 248,170. The company has a market capitalization of $164.68 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The business has a 50 day simple moving average of $4,360.27 and a 200 day simple moving average of $3,983.56. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44.

Booking Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent analyst reports. Wedbush lifted their target price on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Barclays upped their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

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.