Financial Counselors Inc. Has $36.46 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Financial Counselors Inc. cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,655 shares of the business services provider’s stock after selling 116 shares during the period. Financial Counselors Inc.’s holdings in Booking were worth $36,456,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter worth $25,000. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Booking during the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the 2nd quarter valued at approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter worth approximately $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on BKNG shares. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird began coverage on shares of Booking in a research report on Wednesday. They set an “outperform” rating and a $5,850.00 target price for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Finally, BMO Capital Markets boosted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Price Performance

Booking stock opened at $5,223.15 on Thursday. The business has a 50 day simple moving average of $4,552.59 and a 200 day simple moving average of $4,071.32. The company has a market capitalization of $172.89 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.59 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is presently 23.75%.

Booking Company 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.