MayTech Global Investments LLC Acquires 988 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MayTech Global Investments LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 20.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,773 shares of the business services provider’s stock after purchasing an additional 988 shares during the period. Booking makes up 3.2% of MayTech Global Investments LLC’s investment portfolio, making the stock its 15th biggest holding. MayTech Global Investments LLC’s holdings in Booking were worth $24,318,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BKNG. Garner Asset Management Corp lifted its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares during the last quarter. CVA Family Office LLC boosted its holdings in Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 3 shares during the period. American National Bank grew its position in shares of Booking by 3.7% in the second quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the period. Finally, Jacobsen Capital Management lifted its position in shares of Booking by 1.6% during the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.2 %

Shares of NASDAQ BKNG opened at $5,223.15 on Thursday. The company has a market cap of $172.89 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,237.00. The firm’s 50-day simple moving average is $4,552.59 and its 200 day simple moving average is $4,071.32.

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKNG. DA Davidson raised their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, 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 report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,820.50.

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.