Winthrop Advisory Group LLC Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Winthrop Advisory Group LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 47 shares of the business services provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jamison Private Wealth Management Inc. bought a new stake in Booking during the third quarter worth about $25,000. West Financial Advisors LLC bought a new stake in Booking during the third quarter worth about $29,000. Addison Advisors LLC boosted its stake in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new stake in Booking during the second quarter worth about $41,000. Finally, Carmichael Hill & Associates Inc. boosted its stake in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 1.2 %

BKNG stock traded down $57.52 during midday trading on Monday, hitting $4,682.03. The company’s stock had a trading volume of 43,492 shares, compared to its average volume of 199,721. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market capitalization of $154.96 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The company has a 50 day moving average of $5,060.04 and a two-hundred day moving average of $4,352.76.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.75%. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

Several research firms recently commented on BKNG. Citigroup boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. DA Davidson upped their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho boosted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,972.75.

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.