Advisor Resource Council Invests $345,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Advisor Resource Council acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 82 shares of the business services provider’s stock, valued at approximately $345,000.

Other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the third quarter valued at about $25,000. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC acquired a new stake in shares of Booking during the 2nd quarter worth $28,000. Kings Path Partners LLC bought a new position in Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $29,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Bank of America lifted their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Mizuho raised their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Twelve investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Price Performance

Booking stock opened at $4,920.87 on Friday. The business has a fifty day moving average price of $4,199.26 and a 200-day moving average price of $3,914.68. The firm has a market capitalization of $162.88 billion, a P/E ratio of 33.39, a PEG ratio of 1.49 and a beta of 1.38. Booking Holdings Inc. has a one year low of $2,998.52 and a one year high of $5,060.50.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

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.