Mutual Advisors LLC Boosts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mutual Advisors LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 396 shares of the business services provider’s stock after purchasing an additional 6 shares during the quarter. Mutual Advisors LLC’s holdings in Booking were worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp raised its holdings in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC raised its holdings in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares in the last quarter. Quent Capital LLC raised its holdings in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after purchasing an additional 3 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after purchasing an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKNG. Wells Fargo & Company decreased their price objective on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group increased their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Mizuho increased their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird assumed coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,764.89 on Friday. The stock has a market capitalization of $157.70 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41. The stock’s 50-day simple moving average is $5,032.26 and its two-hundred day simple moving average is $4,401.19. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.73%. Booking’s 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.