Worth Asset Management LLC Makes New $1.83 Million Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Worth Asset Management LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 368 shares of the business services provider’s stock, valued at approximately $1,828,000. Booking makes up 1.0% of Worth Asset Management LLC’s investment portfolio, making the stock its 28th largest position.

Other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares in the last quarter. Cumberland Partners Ltd lifted its stake in shares of Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its holdings in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Tigress Financial boosted their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Piper Sandler boosted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Citigroup boosted their price objective 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. Finally, 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. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,972.75.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $34.09 on Wednesday, hitting $4,830.19. The stock had a trading volume of 97,991 shares, compared to its average volume of 177,295. The company has a market capitalization of $159.86 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The firm’s 50 day moving average price is $5,048.13 and its 200-day moving average price is $4,335.11. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.72%. Booking’s dividend payout ratio is 23.75%.

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.