Booking Holdings Inc. (NASDAQ:BKNG) Holdings Cut by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,128 shares of the business services provider’s stock after selling 614 shares during the period. Booking makes up about 3.2% of Motley Fool Wealth Management LLC’s holdings, making the stock its 4th biggest holding. Motley Fool Wealth Management LLC’s holdings in Booking were worth $63,723,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Icon Wealth Advisors LLC raised its holdings in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking in the 3rd quarter valued at about $5,322,600,000. Harvard Management Co. Inc. bought a new position in shares of Booking during the third quarter worth about $155,427,000. 1832 Asset Management L.P. grew its stake in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. DA Davidson boosted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays raised their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Price Performance

NASDAQ BKNG opened at $5,214.38 on Wednesday. The company has a 50 day simple moving average of $4,642.75 and a 200-day simple moving average of $4,114.85. Booking Holdings Inc. has a 52-week low of $3,104.48 and a 52-week high of $5,258.20. The firm has a market capitalization of $172.58 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41.

Booking Dividend Announcement

The business also recently declared 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. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

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.