Passumpsic Savings Bank Buys 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Passumpsic Savings Bank boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% during the third quarter, HoldingsChannel reports. The fund owned 699 shares of the business services provider’s stock after buying an additional 18 shares during the quarter. Booking comprises 1.9% of Passumpsic Savings Bank’s holdings, making the stock its 20th biggest position. Passumpsic Savings Bank’s holdings in Booking were worth $2,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its stake in Booking by 5.7% in the second quarter. NorthCrest Asset Manangement LLC now owns 130 shares of the business services provider’s stock worth $514,000 after buying an additional 7 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Booking by 2.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,151 shares of the business services provider’s stock worth $24,368,000 after acquiring an additional 126 shares during the period. ORG Partners LLC boosted its holdings in Booking by 700.0% in the second quarter. ORG Partners LLC now owns 16 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 14 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Booking by 9.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 48 shares of the business services provider’s stock worth $190,000 after purchasing an additional 4 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Booking by 1.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,057 shares of the business services provider’s stock worth $4,186,000 after purchasing an additional 14 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKNG shares. Robert W. Baird began coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. 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 research report on Thursday, October 31st. Finally, Barclays upped their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,837.17.

Booking Trading Up 0.7 %

Shares of NASDAQ BKNG opened at $5,185.33 on Wednesday. The stock has a market capitalization of $171.63 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.20. The stock’s fifty day simple moving average is $4,724.27 and its two-hundred day simple moving average is $4,155.78.

Booking Announces Dividend

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 given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is presently 23.75%.

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.