Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413 shares of the business services provider’s stock after purchasing an additional 38 shares during the period. Freedom Investment Management Inc.’s holdings in Booking were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its position in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the last quarter. BDF Gestion purchased a new position in Booking during the 2nd quarter worth $6,897,000. Cumberland Partners Ltd increased its stake in Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares during the period. CWM LLC raised its holdings in shares of Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after buying an additional 277 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in shares of 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 worth $981,929,000 after buying an additional 233,052 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKNG. Mizuho increased their price objective on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Citigroup upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Oppenheimer raised their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report 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 issued a strong buy rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Trading Up 0.2 %

Booking stock opened at $5,223.15 on Thursday. The stock has a market cap of $172.89 billion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The stock has a 50 day moving average of $4,552.59 and a 200-day moving average of $4,071.32. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,237.00.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. 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 0.67%. Booking’s dividend payout ratio (DPR) is 23.75%.

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.