Seilern Investment Management Ltd Invests $13.25 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Seilern Investment Management Ltd acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,667 shares of the business services provider’s stock, valued at approximately $13,251,000. Booking comprises approximately 0.8% of Seilern Investment Management Ltd’s portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Geode Capital Management LLC lifted its position in shares of Booking by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC raised its stake in shares of Booking by 0.5% in 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 purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC lifted its position in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $1,249,311,000 after buying an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings 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 buying an additional 233,052 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,926.80 on Monday. The company’s 50-day moving average price is $5,052.18 and its two-hundred day moving average price is $4,381.01. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $163.08 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Benchmark restated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Finally, The Goldman Sachs Group boosted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

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.