MassMutual Private Wealth & Trust FSB Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

MassMutual Private Wealth & Trust FSB raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,926 shares of the business services provider’s stock after purchasing an additional 99 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Booking were worth $19,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new position in Booking in the third quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking in the third quarter worth $29,000. Addison Advisors LLC increased its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Booking in the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BKNG shares. The Goldman Sachs Group increased their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. Jefferies Financial Group boosted their price target 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. Bank of America increased their price objective 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. Finally, Benchmark reissued a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. 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 data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,997.64.

Booking Stock Up 1.3 %

Shares of NASDAQ BKNG opened at $4,926.80 on Monday. The firm’s 50-day moving average price is $5,052.18 and its two-hundred day moving average price is $4,381.01. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market capitalization of $163.08 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given 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 0.71%. Booking’s dividend payout ratio is currently 23.75%.

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.