Savvy Advisors Inc. Takes $250,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Savvy Advisors Inc. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 59 shares of the business services provider’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC grew its stake in shares of Booking by 0.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares during the period. CVA Family Office LLC grew its position in Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 3 shares during the period. American National Bank raised its stake in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after acquiring an additional 3 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 3 shares during the period. Finally, Jacobsen Capital Management grew its holdings in shares of Booking by 1.6% in the 2nd quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,987.44 on Thursday. The company has a 50 day moving average price of $4,287.85 and a two-hundred day moving average price of $3,959.25. The company has a market capitalization of $165.08 billion, a PE ratio of 33.84, a PEG ratio of 1.56 and a beta of 1.38. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,069.44.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking 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 transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKNG. JMP Securities lifted their price target on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Wedbush boosted their price objective 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. Finally, Jefferies Financial Group raised their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,749.83.

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.