BFI Infinity Ltd. Takes $224,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

BFI Infinity Ltd. purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45 shares of the business services provider’s stock, valued at approximately $224,000.

Other hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the third quarter worth $25,000. West Financial Advisors LLC bought a new position in Booking during the third quarter valued at approximately $29,000. Addison Advisors LLC grew its position in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Booking during the 2nd quarter valued at $41,000. Finally, Carmichael Hill & Associates Inc. increased its position in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.3 %

Shares of BKNG stock opened at $4,845.36 on Thursday. The firm’s fifty day moving average price is $5,057.06 and its two-hundred day moving average price is $4,363.83. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market capitalization of $160.38 billion, a P/E ratio of 32.88, a PEG ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.72%. Booking’s payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BKNG shares. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,987.04.

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.