Larson Financial Group LLC Buys 26 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Larson Financial Group LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 25.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130 shares of the business services provider’s stock after purchasing an additional 26 shares during the quarter. Larson Financial Group LLC’s holdings in Booking were worth $550,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% in 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 in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Booking in the 3rd quarter worth approximately $5,322,600,000. 1832 Asset Management L.P. grew its holdings in shares of Booking by 106.0% in 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 acquiring an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Booking by 2,315.8% during the second 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 purchased a new stake in shares of Booking during the second quarter valued at approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $5,108.83 on Tuesday. The company has a 50 day simple moving average of $4,505.25 and a two-hundred day simple moving average of $4,053.29. The firm has a market cap of $169.09 billion, a PE ratio of 34.67, a PEG ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,237.00.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.69%. Booking’s dividend payout ratio is presently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Mizuho increased their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. B. Riley lifted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

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.