Graypoint LLC Acquires 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Graypoint LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226 shares of the business services provider’s stock after acquiring an additional 8 shares during the quarter. Graypoint LLC’s holdings in Booking were worth $1,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC increased its stake in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking in the 3rd quarter worth about $5,322,600,000. Harvard Management Co. Inc. bought a new position in Booking in the 3rd quarter worth about $155,427,000. 1832 Asset Management L.P. increased its stake 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 during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in Booking in the 2nd quarter worth about $125,615,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on BKNG shares. Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group increased their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Tigress Financial increased their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Morgan Stanley increased their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,972.75.

Booking Stock Down 2.7 %

BKNG opened at $4,739.55 on Friday. The stock has a market cap of $156.86 billion, a PE ratio of 32.16, a PEG ratio of 2.11 and a beta of 1.41. The business has a 50 day moving average of $5,060.04 and a 200-day moving average of $4,347.84. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is presently 23.75%.

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.