Jacobs Levy Equity Management Inc. Acquires 1,779 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Jacobs Levy Equity Management Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,990 shares of the business services provider’s stock after buying an additional 1,779 shares during the quarter. Booking comprises about 1.5% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 5th largest position. Jacobs Levy Equity Management Inc.’s holdings in Booking were worth $400,109,000 at the end of the most recent reporting period.

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

Booking Trading Up 0.4 %

Shares of Booking stock opened at $5,224.28 on Tuesday. The company’s fifty day simple moving average is $4,599.47 and its two-hundred day simple moving average is $4,093.76. Booking Holdings Inc. has a 12-month low of $3,104.48 and a 12-month high of $5,237.00. The company has a market cap of $172.92 billion, a P/E ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41.

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. B. Riley upped their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Truist Financial increased their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Oppenheimer upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, 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 report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

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.