KBC Group NV Has $97.42 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

KBC Group NV reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,607 shares of the business services provider’s stock after selling 9,906 shares during the quarter. KBC Group NV owned approximately 0.06% of Booking worth $97,416,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Daymark Wealth Partners LLC bought a new stake in Booking in the second quarter valued at about $202,000. Ascent Group LLC boosted its holdings in Booking by 22.4% during the second quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock valued at $606,000 after purchasing an additional 28 shares in the last quarter. Algert Global LLC boosted its holdings in Booking by 34.5% during the second quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 30 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Booking in the 2nd quarter valued at approximately $125,615,000. Finally, Creative Planning raised its holdings in shares of Booking by 17.3% in the 2nd quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock worth $17,414,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 1.1 %

Booking stock opened at $4,764.89 on Monday. 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 market capitalization of $157.72 billion, a P/E ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. The business has a 50-day moving average of $5,028.05 and a 200-day moving average of $4,409.61.

Booking Dividend Announcement

The firm also recently disclosed 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. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKNG. Morgan Stanley boosted their price target on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho increased their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Wedbush boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, DA Davidson upped their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.