Icon Wealth Advisors LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Icon Wealth Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 342,723.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 233,120 shares of the business services provider’s stock after buying an additional 233,052 shares during the period. Booking accounts for approximately 36.9% of Icon Wealth Advisors LLC’s holdings, making the stock its biggest position. Icon Wealth Advisors LLC’s holdings in Booking were worth $981,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its stake 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 worth $3,921,000 after purchasing an additional 334 shares during the period. CreativeOne Wealth LLC bought a new position in Booking in the 1st quarter worth approximately $537,000. BDF Gestion acquired a new position in shares of Booking during the second quarter worth approximately $6,897,000. Gamco Investors INC. ET AL bought a new stake in shares of Booking in the first quarter valued at approximately $519,000. Finally, Cumberland Partners Ltd grew its stake in shares of Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,199.31 on Friday. The firm has a 50 day moving average price of $4,457.76 and a 200 day moving average price of $4,027.25. The stock has a market cap of $172.10 billion, a P/E ratio of 35.28, a P/E/G ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 52-week low of $3,079.50 and a 52-week high of $5,211.66.

Booking Dividend Announcement

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 paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Insiders Place Their Bets

In related 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 transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BKNG shares. Susquehanna increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Citigroup increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Tigress Financial lifted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday. Royal Bank of Canada raised their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,785.00.

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.