Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,913 shares of the business services provider’s stock after buying an additional 1,983 shares during the period. Booking accounts for about 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 13th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Booking were worth $59,456,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Insigneo Advisory Services LLC raised its holdings in shares of Booking by 12.2% during the 2nd quarter. Insigneo Advisory Services LLC now owns 257 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 28 shares during the period. AlTi Global Inc. increased its position in Booking by 227.4% during the second quarter. AlTi Global Inc. now owns 370 shares of the business services provider’s stock worth $1,466,000 after purchasing an additional 257 shares during the last quarter. Dundas Partners LLP acquired a new stake in Booking during the second quarter worth about $23,523,000. Drucker Wealth 3.0 LLC acquired a new position in Booking in the 2nd quarter valued at about $3,590,000. Finally, DoubleLine ETF Adviser LP acquired a new position in Booking in the 2nd quarter valued at about $3,668,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG opened at $4,818.14 on Friday. The business’s 50-day simple moving average is $5,035.32 and its 200-day simple moving average is $4,398.27. The company has a market cap of $159.48 billion, a P/E ratio of 32.69, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. DA Davidson lifted their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. B. Riley raised their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,997.64.

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.