Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,992 shares of the business services provider’s stock after purchasing an additional 597 shares during the quarter. Booking makes up about 1.6% of Crestwood Advisors Group LLC’s holdings, making the stock its 12th biggest position. Crestwood Advisors Group LLC owned 0.06% of Booking worth $84,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CreativeOne Wealth LLC purchased a new stake in Booking in the 1st quarter valued at $537,000. BDF Gestion acquired a new stake in shares of Booking during the second quarter worth about $6,897,000. Gamco Investors INC. ET AL purchased a new position in shares of Booking during the first quarter worth about $519,000. CWM LLC increased its position in Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after acquiring an additional 277 shares during the period. Finally, Claro Advisors LLC lifted its position in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after acquiring an additional 15,002 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BKNG shares. Wedbush upped their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI reduced their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Piper Sandler lifted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Finally, Bank of America lifted their price objective on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,708.45.

Booking Stock Up 0.6 %

Shares of BKNG stock traded up $26.58 during trading hours on Tuesday, hitting $4,803.04. 12,434 shares of the company were exchanged, compared to its average volume of 246,108. The firm has a market cap of $158.98 billion, a PE ratio of 32.41, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a 1 year low of $2,888.45 and a 1 year high of $4,856.60. The firm has a fifty day moving average of $4,156.53 and a 200 day moving average of $3,896.46.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. Booking’s payout ratio is 23.75%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

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.