Verus Capital Partners LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Verus Capital Partners LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50 shares of the business services provider’s stock, valued at approximately $211,000.

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

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,987.44 on Thursday. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The stock has a market cap of $165.08 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.56 and a beta of 1.38. The firm has a fifty day moving average price of $4,287.85 and a 200 day moving average price of $3,959.25.

Booking Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on BKNG shares. Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Wedbush upped their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company upped their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Ten 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,749.83.

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.