Ashton Thomas Private Wealth LLC Raises Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Ashton Thomas Private Wealth LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 872 shares of the business services provider’s stock after buying an additional 22 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Booking were worth $3,674,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Verus Capital Partners LLC acquired a new position in shares of Booking in the third quarter valued at approximately $211,000. Keystone Financial Services increased its holdings in shares of Booking by 6.2% in the third quarter. Keystone Financial Services now owns 395 shares of the business services provider’s stock valued at $1,664,000 after purchasing an additional 23 shares during the period. Tacita Capital Inc increased its holdings in shares of Booking by 23.5% in the third quarter. Tacita Capital Inc now owns 21 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 4 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Booking by 55.9% in 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 purchasing an additional 334 shares during the period. Finally, Versor Investments LP increased its holdings in shares of Booking by 55.0% in the third quarter. Versor Investments LP now owns 327 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,065.40 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,076.54 and a fifty-two week high of $5,069.44. The business has a 50-day moving average of $4,263.66 and a two-hundred day moving average of $3,948.67. The stock has a market capitalization of $167.65 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.54 and a beta of 1.38.

Booking Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.69%. Booking’s dividend payout ratio is presently 23.75%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BKNG shares. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley upped their target price 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. Barclays upped their target price on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Truist Financial increased their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

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.