Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94 shares of the business services provider’s stock after purchasing an additional 14 shares during the period. Daymark Wealth Partners LLC’s holdings in Booking were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its holdings in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Booking in the third quarter valued at approximately $5,322,600,000. Empirical Asset Management LLC acquired a new position in shares of Booking in the fourth quarter worth $207,089,000. Harvard Management Co. Inc. purchased a new position in Booking in the third quarter valued at $155,427,000. Finally, Magnolia Capital Advisors LLC acquired a new position in Booking during the 2nd quarter worth $125,615,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 4.3 %

NASDAQ:BKNG opened at $4,818.14 on Friday. The firm’s fifty day simple moving average is $5,035.32 and its 200-day simple moving average is $4,398.27. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market cap of $159.48 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. DA Davidson raised their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Mizuho upped their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Oppenheimer raised their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Bank of America boosted their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

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.