Sanders Capital LLC Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Sanders Capital LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 281,138 shares of the business services provider’s stock after acquiring an additional 81 shares during the period. Booking makes up about 1.7% of Sanders Capital LLC’s portfolio, making the stock its 20th biggest position. Sanders Capital LLC owned about 0.85% of Booking worth $1,184,187,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. BDF Gestion acquired a new position in Booking during the second quarter worth $6,897,000. Cumberland Partners Ltd lifted its holdings in Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares in the last quarter. CWM LLC lifted its holdings in Booking by 11.8% during the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after purchasing an additional 277 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 1.3 %

Shares of NASDAQ BKNG opened at $5,108.83 on Tuesday. The business has a fifty day simple moving average of $4,505.25 and a 200-day simple moving average of $4,053.29. The company has a market cap of $169.09 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 1.61 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.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BKNG. BMO Capital Markets raised their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Oppenheimer increased their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JMP Securities boosted their price target on 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, Evercore ISI decreased their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

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.