BNP Paribas Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

BNP Paribas raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,798 shares of the business services provider’s stock after buying an additional 54 shares during the period. Booking comprises about 1.0% of BNP Paribas’ holdings, making the stock its 28th largest position. BNP Paribas’ holdings in Booking were worth $24,570,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BKNG. Icon Wealth Advisors LLC boosted its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Booking in the third quarter valued at $5,322,600,000. 1832 Asset Management L.P. boosted its stake in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after acquiring an additional 36,710 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Booking during the second quarter worth about $125,615,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

BKNG opened at $5,214.72 on Wednesday. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00. The stock has a market cap of $172.61 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.59 and a beta of 1.38. The stock’s 50 day simple moving average is $4,528.70 and its 200 day simple moving average is $4,063.21.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.67%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BKNG shares. Morgan Stanley upped their target price on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Bank of America raised their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wedbush increased their price target on shares of 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, JMP Securities lifted their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,820.50.

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.