Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 450.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the business services provider’s stock after acquiring an additional 630 shares during the period. Everence Capital Management Inc.’s holdings in Booking were worth $3,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nations Financial Group Inc. IA ADV increased its holdings in Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. Cumberland Partners Ltd raised its holdings in shares of Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC raised its holdings in shares of 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 valued at $981,929,000 after buying an additional 233,052 shares during the period. Finally, Infusive Asset Management Inc. lifted its stake in Booking by 75.9% during the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after acquiring an additional 516 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BKNG shares. Tigress Financial boosted their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Piper Sandler boosted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer increased their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,945.96.

Booking Stock Down 0.4 %

NASDAQ:BKNG traded down $18.57 during trading hours on Friday, reaching $4,906.72. 46,314 shares of the company’s stock were exchanged, compared to its average volume of 90,339. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market capitalization of $162.40 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.11 and a beta of 1.41. The company has a 50-day moving average of $5,018.40 and a 200 day moving average of $4,311.36.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is currently 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.