Persium Advisors LLC Buys New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Persium Advisors LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, Holdings Channel.com reports. The fund purchased 118 shares of the business services provider’s stock, valued at approximately $586,000. Booking comprises about 0.6% of Persium Advisors LLC’s portfolio, making the stock its 29th largest position.

Other large investors also recently modified their holdings of the company. Claro Advisors LLC lifted its stake in shares of Booking by 6.7% during the fourth quarter. Claro Advisors LLC now owns 174 shares of the business services provider’s stock worth $865,000 after purchasing an additional 11 shares in the last quarter. Cooper Financial Group raised its holdings in shares of Booking by 11.2% during the 4th quarter. Cooper Financial Group now owns 298 shares of the business services provider’s stock valued at $1,481,000 after buying an additional 30 shares during the period. Wedmont Private Capital lifted its position in Booking by 9.6% during the 4th quarter. Wedmont Private Capital now owns 480 shares of the business services provider’s stock worth $2,275,000 after acquiring an additional 42 shares in the last quarter. Asset Allocation & Management Company LLC acquired a new stake in Booking in the fourth quarter valued at approximately $482,000. Finally, Capital Investment Advisors LLC raised its stake in shares of Booking by 36.5% during the fourth quarter. Capital Investment Advisors LLC now owns 86 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 23 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Bank of America raised their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Stock Performance

NASDAQ:BKNG traded up $25.39 during mid-day trading on Monday, hitting $4,764.94. 149,659 shares of the stock were exchanged, compared to its average volume of 215,951. The firm’s 50-day simple moving average is $5,060.04 and its 200 day simple moving average is $4,352.76. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market capitalization of $157.71 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Booking 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.