Perpetual Ltd Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Perpetual Ltd boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 666 shares of the business services provider’s stock after buying an additional 67 shares during the period. Perpetual Ltd’s holdings in Booking were worth $3,309,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC bought a new position in Booking in the third quarter worth $29,000. Addison Advisors LLC lifted its position in Booking by 80.0% during 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 period. Carmichael Hill & Associates Inc. boosted its holdings in shares of Booking by 66.7% during the 3rd 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. Finally, Friedenthal Financial purchased a new stake in shares of Booking in the 4th quarter worth about $50,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 4.9 %

Shares of BKNG opened at $4,686.41 on Wednesday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market cap of $155.12 billion, a PE ratio of 31.80, a P/E/G ratio of 1.67 and a beta of 1.41. The business has a fifty day moving average of $5,049.41 and a 200 day moving average of $4,391.39.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.75%. Booking’s dividend payout ratio is presently 23.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKNG. DA Davidson lifted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Tigress Financial lifted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Jefferies Financial Group upped their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten equities research 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 stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average target price of $4,997.64.

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.