Harvest Fund Management Co. Ltd Grows Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Harvest Fund Management Co. Ltd boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 25.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,073 shares of the business services provider’s stock after purchasing an additional 423 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Booking were worth $8,727,000 as of its most recent SEC filing.

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

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,177.15 on Monday. The stock has a market capitalization of $171.36 billion, a P/E ratio of 35.13, a PEG ratio of 1.61 and a beta of 1.38. Booking Holdings Inc. has a one year low of $3,079.50 and a one year high of $5,216.00. The firm’s 50 day simple moving average is $4,482.65 and its two-hundred day simple moving average is $4,043.93.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of Booking 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 value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on BKNG shares. Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. JMP Securities lifted their price target on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. DA Davidson increased their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Barclays lifted their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,785.00.

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.