Centaurus Financial Inc. Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Centaurus Financial Inc. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 26.9% during the 3rd quarter, Holdings Channel reports. The firm owned 184 shares of the business services provider’s stock after purchasing an additional 39 shares during the quarter. Centaurus Financial Inc.’s holdings in Booking were worth $776,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dynasty Wealth Management LLC purchased a new position in shares of Booking in the 1st quarter worth approximately $737,000. B. Riley Wealth Advisors Inc. lifted its holdings in Booking by 5.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 471 shares of the business services provider’s stock worth $1,709,000 after acquiring an additional 23 shares during the period. Redwood Investment Management LLC boosted its position in Booking by 18.6% in the first quarter. Redwood Investment Management LLC now owns 471 shares of the business services provider’s stock worth $1,709,000 after purchasing an additional 74 shares during the last quarter. Tidal Investments LLC grew its stake in Booking by 74.3% in the 1st quarter. Tidal Investments LLC now owns 4,510 shares of the business services provider’s stock valued at $16,380,000 after purchasing an additional 1,923 shares during the period. Finally, Hancock Whitney Corp increased its position in shares of Booking by 17.6% during the 1st quarter. Hancock Whitney Corp now owns 375 shares of the business services provider’s stock valued at $1,360,000 after purchasing an additional 56 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

BKNG stock opened at $5,108.83 on Tuesday. The firm has a 50 day simple moving average of $4,505.25 and a two-hundred day simple moving average of $4,053.29. The stock has a market cap of $169.09 billion, a PE ratio of 34.67, a P/E/G ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,237.00.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.69%. Booking’s payout ratio is 23.75%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BKNG shares. Jefferies Financial Group boosted their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Wedbush lifted their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Bank of America boosted their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

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.