Ballentine Partners LLC Purchases 17 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ballentine Partners LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 403 shares of the business services provider’s stock after acquiring an additional 17 shares during the quarter. Ballentine Partners LLC’s holdings in Booking were worth $2,002,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC bought a new position in Booking in the 3rd quarter worth about $29,000. Addison Advisors LLC grew its stake in Booking by 80.0% in the 3rd 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. Carmichael Hill & Associates Inc. grew its stake in Booking by 66.7% in the 3rd 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. Finally, Friedenthal Financial bought a new position in Booking in the 4th quarter worth about $50,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research analyst reports. Citigroup upped their target price 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. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Ten investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Price Performance

NASDAQ:BKNG opened at $4,686.41 on Wednesday. The firm has a market capitalization of $155.12 billion, a P/E ratio of 31.80, a PEG ratio of 1.67 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company’s fifty day moving average price is $5,049.41 and its 200-day moving average price is $4,391.39.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.75%. Booking’s payout ratio is currently 23.75%.

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.