Webster Bank N. A. Has $407,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Webster Bank N. A. grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 82 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Webster Bank N. A.’s holdings in Booking were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Daymark Wealth Partners LLC bought a new stake in shares of Booking during the second quarter worth approximately $202,000. Ascent Group LLC raised its position in shares of Booking by 22.4% during the 2nd quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock valued at $606,000 after acquiring an additional 28 shares during the last quarter. Algert Global LLC boosted its position in shares of Booking by 34.5% in the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after purchasing an additional 30 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Booking in the second quarter valued at about $125,615,000. Finally, Creative Planning lifted its stake in Booking by 17.3% in the second quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock valued at $17,414,000 after buying an additional 649 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Bank of America increased their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Price Performance

NASDAQ:BKNG opened at $4,764.89 on Monday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $157.72 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41. The firm’s fifty day moving average price is $5,028.05 and its two-hundred day moving average price is $4,412.56.

Booking Announces Dividend

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

About Booking

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.