Pinnacle Bancorp Inc. Raises Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Pinnacle Bancorp Inc. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 33.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 24 shares of the business services provider’s stock after buying an additional 6 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Booking were worth $119,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter worth approximately $25,000. West Financial Advisors LLC acquired a new stake in Booking in the third quarter valued at approximately $29,000. Addison Advisors LLC increased its position in shares of 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 purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Booking during the second quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.7 %

Shares of Booking stock opened at $4,865.00 on Friday. The firm has a market cap of $161.03 billion, a PE ratio of 33.01, a P/E/G ratio of 1.60 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a 50-day moving average price of $5,053.63 and a 200 day moving average price of $4,367.09.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

BKNG has been the topic of several research analyst reports. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. DA Davidson lifted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays upped their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

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.