Drive Wealth Management LLC Purchases 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Drive Wealth Management LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 120 shares of the business services provider’s stock after purchasing an additional 8 shares during the period. Drive Wealth Management LLC’s holdings in Booking were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter valued at about $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the 4th quarter valued at approximately $25,000. West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter worth $29,000. Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 1.1 %

BKNG stock opened at $4,764.89 on Monday. The stock’s 50 day moving average is $5,028.05 and its 200-day moving average is $4,409.61. 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 capitalization of $157.72 billion, a PE ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41.

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 given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BKNG shares. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. DA Davidson boosted their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Tigress Financial boosted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

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.