Caisse DE Depot ET Placement DU Quebec Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,173 shares of the business services provider’s stock after buying an additional 5,029 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Booking were worth $194,486,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the 3rd quarter worth $25,000. Grove Bank & Trust grew its position in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of Booking during the second quarter worth about $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Price Performance

NASDAQ BKNG opened at $5,201.98 on Friday. The company has a fifty day moving average of $4,599.47 and a two-hundred day moving average of $4,089.44. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,237.00. The company has a market capitalization of $172.17 billion, a PE ratio of 35.30, a P/E/G ratio of 1.62 and a beta of 1.38.

Booking Dividend Announcement

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