Stonebrook Private Inc. Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Stonebrook Private Inc. bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Montrusco Bolton Investments Inc. acquired a new stake in Booking during the third quarter worth about $4,435,000. Meridian Wealth Management LLC grew its holdings in shares of Booking by 20.1% during the 3rd quarter. Meridian Wealth Management LLC now owns 430 shares of the business services provider’s stock worth $1,811,000 after purchasing an additional 72 shares during the period. Icon Wealth Advisors LLC increased its position in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. Allen Capital Group LLC raised its holdings in Booking by 6.3% in the third quarter. Allen Capital Group LLC now owns 543 shares of the business services provider’s stock valued at $2,287,000 after buying an additional 32 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in Booking by 0.5% in the third quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock valued at $2,788,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

Booking stock opened at $5,177.15 on Friday. Booking Holdings Inc. has a 1 year low of $3,079.50 and a 1 year high of $5,216.00. The firm’s 50-day moving average is $4,482.65 and its 200-day moving average is $4,041.24. The company has a market cap of $171.36 billion, a P/E ratio of 35.13, a PEG ratio of 1.62 and a beta of 1.38.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. 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 0.68%. Booking’s payout ratio is currently 23.75%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased 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 research report on Tuesday, October 8th. Tigress Financial raised their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. JMP Securities upped their target price on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price target on 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-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

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.