Wright Investors Service Inc. Buys New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Wright Investors Service Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 106 shares of the business services provider’s stock, valued at approximately $527,000.

Several other institutional investors also recently modified their holdings of BKNG. Geode Capital Management LLC grew its holdings in shares of Booking by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares during the period. Fisher Asset Management LLC increased its stake in Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after buying an additional 11,649 shares during the period. Finally, Icon Wealth Advisors LLC lifted its stake in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $4,763.90 on Tuesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a fifty day moving average price of $5,059.78 and a 200 day moving average price of $4,358.07. The stock has a market cap of $157.67 billion, a P/E ratio of 32.33, a PEG ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BKNG shares. DA Davidson boosted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. B. Riley increased their target price on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.

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.