Coldstream Capital Management Inc. Purchases 71 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Coldstream Capital Management Inc. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.2% in the third quarter, Holdings Channel reports. The firm owned 654 shares of the business services provider’s stock after purchasing an additional 71 shares during the period. Coldstream Capital Management Inc.’s holdings in Booking were worth $2,807,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Icon Wealth Advisors LLC raised its position in shares of 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 acquired a new stake in Booking during the 3rd quarter worth approximately $5,322,600,000. Harvard Management Co. Inc. acquired a new stake in Booking during the 3rd quarter worth approximately $155,427,000. 1832 Asset Management L.P. lifted its stake in 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 buying an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings 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 buying an additional 35,270 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. B. Riley upped their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. JMP Securities boosted their target price on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,837.17.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,185.33 on Wednesday. The firm has a market cap of $171.63 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.14 and a beta of 1.41. The stock’s fifty day moving average price is $4,724.27 and its two-hundred day moving average price is $4,155.78. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.20.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio (DPR) 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.