Smith Anglin Financial LLC Acquires New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Smith Anglin Financial LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43 shares of the business services provider’s stock, valued at approximately $214,000.

Several other hedge funds have also modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the third quarter worth about $25,000. West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter worth approximately $29,000. Addison Advisors LLC grew its position in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. Fairscale Capital LLC acquired a new position in Booking during the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on BKNG shares. B. Riley boosted their price target 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. DA Davidson increased their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Finally, Truist Financial boosted their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Ten 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,987.04.

Booking Stock Performance

Shares of BKNG stock opened at $4,829.64 on Thursday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market capitalization of $159.86 billion, a P/E ratio of 32.77, a PEG ratio of 1.60 and a beta of 1.41. The stock’s fifty day moving average is $5,057.06 and its two-hundred day moving average is $4,363.83.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. Booking’s payout ratio is 23.75%.

About Booking

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.