Cove Private Wealth LLC Purchases Shares of 98 Booking Holdings Inc. (NASDAQ:BKNG)

Cove Private Wealth LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 98 shares of the business services provider’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AE Wealth Management LLC raised its stake in shares of Booking by 15.4% in the second quarter. AE Wealth Management LLC now owns 360 shares of the business services provider’s stock worth $1,427,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. increased its holdings in Booking by 10.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,846 shares of the business services provider’s stock worth $23,159,000 after acquiring an additional 567 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Booking by 99.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 16,742 shares of the business services provider’s stock worth $66,323,000 after acquiring an additional 8,358 shares during the period. Profund Advisors LLC lifted its stake in shares of Booking by 23.0% during the 2nd quarter. Profund Advisors LLC now owns 4,104 shares of the business services provider’s stock valued at $16,258,000 after buying an additional 767 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Booking in the 2nd quarter worth $1,834,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $4,926.80 on Monday. The company has a market capitalization of $163.08 billion, a PE ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41. The company has a 50 day moving average price of $5,052.18 and a 200-day moving average price of $4,381.01. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

A number of research firms have commented on BKNG. JMP Securities reissued a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays boosted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” 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, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.