BNP Paribas Raises Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

BNP Paribas boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,798 shares of the business services provider’s stock after buying an additional 54 shares during the quarter. Booking makes up about 1.0% of BNP Paribas’ holdings, making the stock its 28th biggest position. BNP Paribas’ holdings in Booking were worth $24,570,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of Booking by 5.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 471 shares of the business services provider’s stock worth $1,709,000 after purchasing an additional 23 shares during the last quarter. Hancock Whitney Corp boosted its position in Booking by 17.6% during the first quarter. Hancock Whitney Corp now owns 375 shares of the business services provider’s stock worth $1,360,000 after acquiring an additional 56 shares during the last quarter. XML Financial LLC grew its stake in Booking by 23.7% in the 1st quarter. XML Financial LLC now owns 141 shares of the business services provider’s stock worth $512,000 after acquiring an additional 27 shares during the period. New Covenant Trust Company N.A. purchased a new stake in Booking in the 1st quarter worth approximately $98,000. Finally, Citizens Financial Group Inc. RI raised its holdings in Booking by 13.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 248 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 29 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Mizuho lifted their price target on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. JMP Securities raised their target price on shares of 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. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Trading Up 2.1 %

BKNG stock opened at $5,214.72 on Wednesday. The firm has a market cap of $172.61 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.59 and a beta of 1.38. The stock’s 50 day simple moving average is $4,528.70 and its 200 day simple moving average is $4,063.21. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,237.00.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Booking 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.