Drive Wealth Management LLC Grows Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Drive Wealth Management LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 112 shares of the business services provider’s stock after acquiring an additional 25 shares during the quarter. Drive Wealth Management LLC’s holdings in Booking were worth $473,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the third quarter worth $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% during 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 in the last quarter. POM Investment Strategies LLC purchased a new position in Booking during the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in shares of Booking during the second quarter valued at about $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter valued at about $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report 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 stock a “neutral” rating in a research report on Thursday, October 31st. Barclays lifted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Mizuho increased their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Stock Up 0.1 %

BKNG stock opened at $4,975.19 on Monday. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,069.44. The firm has a market cap of $164.68 billion, a P/E ratio of 33.76, a PEG ratio of 1.55 and a beta of 1.38. The company’s 50-day simple moving average is $4,360.27 and its 200-day simple moving average is $3,991.30.

Booking Dividend Announcement

The company 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. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

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.