36,900 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Acquired by Harvard Management Co. Inc.

Harvard Management Co. Inc. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,900 shares of the business services provider’s stock, valued at approximately $155,427,000. Booking accounts for about 8.9% of Harvard Management Co. Inc.’s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Booking by 707.2% during the 1st quarter. Cetera Investment Advisers now owns 7,241 shares of the business services provider’s stock valued at $26,270,000 after purchasing an additional 6,344 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Booking by 45.9% during the 1st quarter. Cetera Advisors LLC now owns 986 shares of the business services provider’s stock worth $3,577,000 after buying an additional 310 shares in the last quarter. Mosaic Family Wealth Partners LLC acquired a new stake in shares of Booking during the 1st quarter worth approximately $308,000. Transcend Capital Advisors LLC increased its stake in shares of Booking by 24.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 86 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 17 shares in the last quarter. Finally, Park Place Capital Corp increased its stake in shares of Booking by 77.6% in the 2nd quarter. Park Place Capital Corp now owns 103 shares of the business services provider’s stock valued at $408,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BKNG shares. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Piper Sandler boosted their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities upped their price target on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Morgan Stanley raised 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. Finally, Tigress Financial upped their target price 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. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4,820.50.

Booking Stock Down 0.4 %

BKNG opened at $5,201.98 on Friday. The firm has a 50-day moving average price of $4,599.47 and a 200-day moving average price of $4,089.44. Booking Holdings Inc. has a twelve month low of $3,079.50 and a twelve month high of $5,237.00. The company has a market capitalization of $172.17 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38.

Booking Announces Dividend

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

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.