Wright Investors Service Inc. Invests $527,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Wright Investors Service Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 106 shares of the business services provider’s stock, valued at approximately $527,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC acquired a new position in Booking in the third quarter worth about $29,000. Addison Advisors LLC increased its holdings in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the last quarter. Fairscale Capital LLC bought a new stake in Booking in the second quarter valued at about $41,000. Finally, Carmichael Hill & Associates Inc. raised its stake in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wedbush lifted their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Bank of America lifted their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Truist Financial lifted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Trading Up 0.5 %

Shares of NASDAQ:BKNG opened at $4,763.90 on Tuesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $157.67 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.11 and a beta of 1.41. The company has a 50 day moving average of $5,059.78 and a 200-day moving average of $4,358.07.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is currently 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.