Harvest Fund Management Co. Ltd Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Harvest Fund Management Co. Ltd increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 25.6% during the 3rd quarter, Holdings Channel reports. The firm owned 2,073 shares of the business services provider’s stock after buying an additional 423 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Booking were worth $8,727,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in Booking by 23.8% in the first quarter. Advisors Asset Management Inc. now owns 520 shares of the business services provider’s stock worth $1,886,000 after acquiring an additional 100 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Booking in the 1st quarter worth about $519,000. SVB Wealth LLC boosted its stake in shares of Booking by 3.7% during the 1st quarter. SVB Wealth LLC now owns 613 shares of the business services provider’s stock valued at $2,225,000 after purchasing an additional 22 shares in the last quarter. Ascent Group LLC increased its position in shares of Booking by 4.2% during the first quarter. Ascent Group LLC now owns 125 shares of the business services provider’s stock valued at $453,000 after buying an additional 5 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in Booking in the first quarter worth about $737,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG opened at $5,177.15 on Monday. The company has a 50 day simple moving average of $4,482.65 and a two-hundred day simple moving average of $4,043.93. The firm has a market cap of $171.36 billion, a P/E ratio of 35.13, a PEG ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,216.00.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. Booking’s dividend payout ratio is presently 23.75%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America raised their price objective on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their target price 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. Finally, Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

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.