Virtue Capital Management LLC Has $809,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Virtue Capital Management LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192 shares of the business services provider’s stock after acquiring an additional 19 shares during the quarter. Virtue Capital Management LLC’s holdings in Booking were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC raised its position in shares of Booking by 5.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 130 shares of the business services provider’s stock worth $514,000 after acquiring an additional 7 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Booking by 2.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,151 shares of the business services provider’s stock valued at $24,368,000 after buying an additional 126 shares during the period. ORG Partners LLC boosted its holdings in shares of Booking by 700.0% during the 2nd quarter. ORG Partners LLC now owns 16 shares of the business services provider’s stock worth $62,000 after buying an additional 14 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of Booking by 9.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 48 shares of the business services provider’s stock worth $190,000 after buying an additional 4 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Booking by 1.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,057 shares of the business services provider’s stock valued at $4,186,000 after acquiring an additional 14 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of BKNG stock opened at $5,185.33 on Wednesday. The firm has a market cap of $171.63 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.20. The firm’s 50-day simple moving average is $4,724.27 and its two-hundred day simple moving average is $4,155.78.

Booking Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BKNG shares. Morgan Stanley increased their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America boosted their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities increased their price target on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Finally, B. Riley raised their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4,837.17.

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.