D.A. Davidson & CO. Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

D.A. Davidson & CO. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208 shares of the business services provider’s stock after buying an additional 24 shares during the period. D.A. Davidson & CO.’s holdings in Booking were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Garner Asset Management Corp increased its stake in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares in the last quarter. CVA Family Office LLC increased its position in shares of Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after buying an additional 3 shares in the last quarter. American National Bank raised its stake in shares of Booking by 3.7% during the 2nd quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after buying an additional 3 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Booking by 3.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after buying an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management grew its stake in Booking by 1.6% in the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 0.4 %

Booking stock opened at $5,201.98 on Monday. The firm has a fifty day moving average of $4,599.47 and a 200-day moving average of $4,093.76. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,237.00. The firm has a market capitalization of $172.19 billion, a P/E ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38.

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on BKNG. DA Davidson lifted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler upped their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.