Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Increased by Townsend & Associates Inc

Townsend & Associates Inc lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,903 shares of the business services provider’s stock after acquiring an additional 65 shares during the period. Booking accounts for approximately 1.7% of Townsend & Associates Inc’s holdings, making the stock its 26th biggest position. Townsend & Associates Inc’s holdings in Booking were worth $16,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the 3rd quarter worth $25,000. Grove Bank & Trust boosted its stake in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC acquired a new position in Booking in the 2nd quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the 3rd quarter valued at $29,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Booking Stock Up 0.5 %

Booking stock opened at $4,943.27 on Friday. Booking Holdings Inc. has a 12 month low of $2,998.52 and a 12 month high of $5,060.50. The stock has a market cap of $163.62 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The business has a 50 day moving average price of $4,240.54 and a two-hundred day moving average price of $3,931.94.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BKNG shares. UBS Group increased their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI decreased their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Morgan Stanley boosted their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

About Booking

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.