239 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Fred Alger Management LLC

Fred Alger Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 239 shares of the business services provider’s stock, valued at approximately $1,007,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Icon Wealth Advisors LLC lifted its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking in the third quarter worth about $5,322,600,000. 1832 Asset Management L.P. lifted its position in shares of Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Booking by 2,315.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Booking in the 2nd quarter worth approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $5,201.98 on Monday. The stock has a market capitalization of $172.19 billion, a PE ratio of 35.30, a P/E/G ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00. The company has a fifty day moving average of $4,599.47 and a two-hundred day moving average of $4,093.76.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Oppenheimer increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Mizuho boosted their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,820.50.

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.