Weiss Asset Management LP Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Weiss Asset Management LP purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,600 shares of the business services provider’s stock, valued at approximately $15,164,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Tabor Asset Management LP purchased a new stake in shares of Booking during the third quarter worth about $1,824,000. Quadrature Capital Ltd acquired a new stake in Booking in the 3rd quarter worth approximately $16,910,000. Quantinno Capital Management LP grew its position in Booking by 19.7% during the 3rd quarter. Quantinno Capital Management LP now owns 4,046 shares of the business services provider’s stock worth $17,044,000 after purchasing an additional 666 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in Booking during the 3rd quarter valued at approximately $10,109,000. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Booking by 2.3% in the third quarter. Motley Fool Asset Management LLC now owns 1,348 shares of the business services provider’s stock worth $5,528,000 after buying an additional 30 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 0.9 %

Shares of NASDAQ:BKNG opened at $5,287.94 on Friday. The company has a market cap of $175.03 billion, a PE ratio of 35.88, a P/E/G ratio of 1.62 and a beta of 1.41. The company’s 50 day moving average is $4,684.48 and its two-hundred day moving average is $4,130.83. Booking Holdings Inc. has a 52 week low of $3,127.31 and a 52 week high of $5,330.00.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup upped their target price 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. Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. B. Riley increased their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Piper Sandler increased their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4,820.50.

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.