Cooper Financial Group Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Cooper Financial Group increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298 shares of the business services provider’s stock after purchasing an additional 30 shares during the quarter. Cooper Financial Group’s holdings in Booking were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedmont Private Capital grew its position in shares of Booking by 9.6% during the fourth quarter. Wedmont Private Capital now owns 480 shares of the business services provider’s stock worth $2,275,000 after purchasing an additional 42 shares in the last quarter. Asset Allocation & Management Company LLC purchased a new stake in shares of Booking during the fourth quarter worth about $482,000. Capital Investment Advisors LLC grew its position in shares of Booking by 36.5% during the fourth quarter. Capital Investment Advisors LLC now owns 86 shares of the business services provider’s stock worth $426,000 after purchasing an additional 23 shares in the last quarter. Winthrop Advisory Group LLC purchased a new position in Booking during the 4th quarter valued at approximately $234,000. Finally, Czech National Bank grew its holdings in Booking by 5.1% during the 4th quarter. Czech National Bank now owns 7,177 shares of the business services provider’s stock valued at $35,658,000 after buying an additional 348 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BKNG shares. Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Oppenheimer upped their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Mizuho upped their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Stock Up 0.5 %

BKNG stock traded up $21.33 during mid-day trading on Monday, hitting $4,760.88. 115,197 shares of the company were exchanged, compared to its average volume of 213,023. The firm has a market capitalization of $157.57 billion, a P/E ratio of 32.31, a PEG ratio of 2.11 and a beta of 1.41. The business has a fifty day simple moving average of $5,060.04 and a 200-day simple moving average of $4,352.76. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is 23.75%.

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.