Mutual Advisors LLC Buys 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Mutual Advisors LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 396 shares of the business services provider’s stock after acquiring an additional 6 shares during the quarter. Mutual Advisors LLC’s holdings in Booking were worth $1,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BKNG. Daymark Wealth Partners LLC bought a new position in shares of Booking in the second quarter worth about $202,000. MBB Public Markets I LLC bought a new position in Booking in the 2nd quarter valued at approximately $9,773,000. Mackenzie Financial Corp raised its holdings in Booking by 17.6% in the 2nd quarter. Mackenzie Financial Corp now owns 21,683 shares of the business services provider’s stock valued at $85,897,000 after buying an additional 3,250 shares during the last quarter. Scientech Research LLC raised its holdings in Booking by 175.8% in the 2nd quarter. Scientech Research LLC now owns 262 shares of the business services provider’s stock valued at $1,038,000 after buying an additional 167 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Booking in the 2nd quarter valued at approximately $13,406,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.1 %

NASDAQ BKNG opened at $4,764.89 on Friday. The company has a fifty day simple moving average of $5,032.26 and a 200 day simple moving average of $4,401.19. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $157.70 billion, a P/E ratio of 32.33, a PEG ratio of 1.57 and a beta of 1.41.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued 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 of this dividend was Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Susquehanna raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. UBS Group raised their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.