CTC Alternative Strategies Ltd. Purchases Shares of 91 Booking Holdings Inc. (NASDAQ:BKNG)

CTC Alternative Strategies Ltd. acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 91 shares of the business services provider’s stock, valued at approximately $383,000. Booking accounts for about 0.5% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after buying an additional 2,321 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Booking by 3.3% during 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 buying an additional 13,429 shares during the period. Ninety One UK Ltd lifted its stake in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after buying an additional 10,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after buying an additional 11,649 shares during the period. Finally, Icon Wealth Advisors LLC lifted its stake in shares of Booking by 342,723.5% during 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 buying an additional 233,052 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $5,300.34 on Friday. The company’s 50 day moving average price is $4,705.52 and its 200 day moving average price is $4,143.70. Booking Holdings Inc. has a 52 week low of $3,177.16 and a 52 week high of $5,337.20. The company has a market capitalization of $175.43 billion, a PE ratio of 35.97, a PEG ratio of 2.12 and a beta of 1.41.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent research reports. Tigress Financial increased their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Mizuho lifted their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,837.17.

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.