Friedenthal Financial Buys Shares of 10 Booking Holdings Inc. (NASDAQ:BKNG)

Friedenthal Financial purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10 shares of the business services provider’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in Booking during the third quarter valued at approximately $25,000. West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter worth approximately $29,000. Addison Advisors LLC boosted its stake in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Booking during the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. raised its position in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,763.90 on Tuesday. 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 50-day moving average of $5,059.78 and a 200 day moving average of $4,358.07. The stock has a market cap of $157.67 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Finally, Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. 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 company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

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.