Avestar Capital LLC Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Avestar Capital LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208 shares of the business services provider’s stock after purchasing an additional 8 shares during the quarter. Avestar Capital LLC’s holdings in Booking were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its holdings in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Booking during the 3rd quarter worth $5,322,600,000. 1832 Asset Management L.P. grew its stake 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 worth $282,590,000 after purchasing an additional 36,710 shares during the period. AustralianSuper Pty Ltd increased 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 purchasing an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking in the second quarter valued at about $125,615,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports 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 report on Thursday, October 31st. Mizuho raised their price objective on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target 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 equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Up 2.1 %

Shares of NASDAQ BKNG opened at $5,214.72 on Wednesday. The stock has a market capitalization of $172.61 billion, a PE ratio of 35.39, a P/E/G ratio of 1.59 and a beta of 1.38. The firm has a fifty day moving average of $4,528.70 and a 200-day moving average of $4,063.21. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,237.00.

Booking Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking’s dividend payout ratio is presently 23.75%.

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.