Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Boosted by Garner Asset Management Corp

Garner Asset Management Corp raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 258 shares of the business services provider’s stock after purchasing an additional 2 shares during the quarter. Garner Asset Management Corp’s holdings in Booking were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC lifted its position 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 valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking during the 3rd quarter valued at $5,322,600,000. 1832 Asset Management L.P. lifted its position in shares of Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after acquiring an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after acquiring an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking during the 2nd quarter valued at $125,615,000. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Booking Stock Down 0.6 %

Shares of BKNG opened at $5,177.15 on Friday. The stock has a market cap of $171.36 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,216.00. The company has a 50-day moving average price of $4,482.65 and a two-hundred day moving average price of $4,041.24.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BKNG. JPMorgan Chase & Co. reduced their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. DA Davidson increased their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities increased their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

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.