Soros Capital Management LLC Acquires 1,169 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Soros Capital Management LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,104 shares of the business services provider’s stock after acquiring an additional 1,169 shares during the quarter. Booking comprises approximately 6.2% of Soros Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Soros Capital Management LLC’s holdings in Booking were worth $25,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKNG. Fisher Asset Management LLC increased its holdings in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after buying an additional 10,889 shares in the last quarter. Icon Wealth Advisors LLC raised its position in shares of Booking by 342,723.5% in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Booking by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 209,927 shares of the business services provider’s stock valued at $884,238,000 after buying an additional 793 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Booking in the 3rd quarter worth approximately $5,322,600,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $5,214.72 on Wednesday. The firm has a fifty day moving average of $4,528.70 and a two-hundred day moving average of $4,063.21. The firm has a market cap of $172.61 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Susquehanna increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given 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 $4,820.50.

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.