Diversified Trust Co Increases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Diversified Trust Co grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,353 shares of the business services provider’s stock after acquiring an additional 207 shares during the period. Diversified Trust Co’s holdings in Booking were worth $6,727,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its holdings 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 purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Booking during the 3rd quarter valued at about $5,322,600,000. Harvard Management Co. Inc. bought a new position in shares of Booking during the 3rd quarter valued at approximately $155,427,000. 1832 Asset Management L.P. increased its holdings in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after acquiring an additional 36,710 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in Booking during the 2nd quarter worth approximately $125,615,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock traded down $85.41 during mid-day trading on Tuesday, reaching $4,824.38. 60,336 shares of the stock traded hands, compared to its average volume of 160,034. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $159.67 billion, a PE ratio of 32.74, a PEG ratio of 2.11 and a beta of 1.41. The business has a 50-day moving average price of $5,040.76 and a two-hundred day moving average price of $4,329.43.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BKNG shares. Royal Bank of Canada increased their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. UBS Group raised their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,972.75.

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.