UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 11,649 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 296,599 shares of the business services provider’s stock after buying an additional 11,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.90% of Booking worth $1,249,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth about $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the 2nd quarter worth approximately $28,000. Kings Path Partners LLC bought a new stake in Booking during the second quarter worth approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the third quarter valued at approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $5,223.15 on Thursday. The firm has a market capitalization of $172.89 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.59 and a beta of 1.38. The stock has a fifty day moving average price of $4,552.59 and a two-hundred day moving average price of $4,071.32. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,237.00.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BKNG shares. Susquehanna boosted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. B. Riley boosted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Piper Sandler lifted their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird assumed coverage on Booking in a research note on Wednesday. They set an “outperform” rating and a $5,850.00 target price for the company. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Company 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.