Gilbert & Cook Inc. Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gilbert & Cook Inc. purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, Holdings Channel reports. The fund purchased 49 shares of the business services provider’s stock, valued at approximately $206,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Booking in the third quarter worth about $5,322,600,000. Acadian Asset Management LLC raised its stake in shares of Booking by 15.1% in the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock worth $420,865,000 after acquiring an additional 13,908 shares during the last quarter. Finally, Lone Pine Capital LLC raised its stake in shares of Booking by 0.8% in the second quarter. Lone Pine Capital LLC now owns 105,177 shares of the business services provider’s stock worth $416,659,000 after acquiring an additional 883 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Up 0.1 %

Booking stock opened at $4,975.19 on Monday. The stock has a market capitalization of $164.68 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,069.44. The company has a 50 day moving average of $4,360.27 and a 200-day moving average of $3,991.30.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley boosted their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Wedbush boosted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup boosted 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 note on Monday, November 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

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.