Oddo BHF Asset Management Sas Takes $18.51 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Oddo BHF Asset Management Sas purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,394 shares of the business services provider’s stock, valued at approximately $18,508,000. Booking accounts for approximately 0.9% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 27th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in Booking by 700.0% in the 2nd quarter. ORG Partners LLC now owns 16 shares of the business services provider’s stock worth $62,000 after buying an additional 14 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Booking by 1.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,057 shares of the business services provider’s stock valued at $4,186,000 after purchasing an additional 14 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Booking by 1.4% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 287 shares of the business services provider’s stock worth $1,182,000 after purchasing an additional 4 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Booking by 106.9% during the 2nd quarter. Miracle Mile Advisors LLC now owns 120 shares of the business services provider’s stock worth $475,000 after purchasing an additional 62 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Booking by 100.0% in the 2nd quarter. Blue Trust Inc. now owns 78 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 39 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG opened at $5,268.93 on Friday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock’s fifty day moving average is $4,792.61 and its 200-day moving average is $4,181.06. The firm has a market capitalization of $174.40 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

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 paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKNG. Deutsche Bank Aktiengesellschaft lifted their price target 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. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Bank of America increased their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Mizuho boosted their price objective on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley upped their price objective on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,866.03.

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.