Wilmington Savings Fund Society FSB Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Wilmington Savings Fund Society FSB boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 27.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,550 shares of the business services provider’s stock after acquiring an additional 335 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Booking were worth $6,529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the 3rd quarter valued at about $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking in the second quarter worth about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking during the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking during the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKNG. DA Davidson raised their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group increased their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $4,866.03.

Booking Stock Down 0.5 %

BKNG stock opened at $5,268.93 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a 50-day simple moving average of $4,792.61 and a 200-day simple moving average of $4,181.06. The stock has a market capitalization of $174.40 billion, a P/E ratio of 35.75, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is 23.75%.

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.