MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 1,983 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,913 shares of the business services provider’s stock after buying an additional 1,983 shares during the quarter. Booking makes up 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 13th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Booking were worth $59,456,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC raised its position in shares of Booking by 12.2% in the 2nd quarter. Insigneo Advisory Services LLC now owns 257 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 28 shares in the last quarter. AlTi Global Inc. raised its holdings in Booking by 227.4% in the second quarter. AlTi Global Inc. now owns 370 shares of the business services provider’s stock worth $1,466,000 after purchasing an additional 257 shares in the last quarter. Dundas Partners LLP purchased a new stake in shares of Booking during the second quarter valued at about $23,523,000. Drucker Wealth 3.0 LLC bought a new stake in shares of Booking in the 2nd quarter valued at about $3,590,000. Finally, DoubleLine ETF Adviser LP purchased a new position in shares of Booking in the 2nd quarter worth approximately $3,668,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BKNG. JMP Securities restated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. UBS Group increased their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Susquehanna lifted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

Booking stock opened at $4,818.14 on Friday. The stock has a market capitalization of $159.48 billion, a P/E ratio of 32.69, a P/E/G ratio of 1.57 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 $5,035.32 and its 200 day moving average price is $4,398.27.

Booking Dividend Announcement

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. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend 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.