Bridgewater Associates LP Has $128.65 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bridgewater Associates LP boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 22.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,542 shares of the business services provider’s stock after buying an additional 5,593 shares during the period. Booking makes up 0.7% of Bridgewater Associates LP’s portfolio, making the stock its 28th largest holding. Bridgewater Associates LP owned 0.09% of Booking worth $128,647,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BKNG. Fisher Asset Management LLC grew its position in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. Ninety One UK Ltd boosted its stake in Booking by 3.1% in the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the period. Icon Wealth Advisors LLC boosted its stake in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Booking by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 209,927 shares of the business services provider’s stock valued at $884,238,000 after acquiring an additional 793 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Booking during the third quarter worth approximately $5,322,600,000. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. Bank of America upped their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities increased their price objective on shares of 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. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, B. Riley lifted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,820.50.

Booking Stock Up 2.1 %

NASDAQ:BKNG opened at $5,214.72 on Wednesday. The firm has a market capitalization of $172.61 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.59 and a beta of 1.38. 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 fifty day moving average of $4,528.70 and a 200-day moving average of $4,063.21.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is 23.75%.

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.