FSA Wealth Management LLC Invests $59,000 in Booking Holdings Inc. (NASDAQ:BKNG)

FSA Wealth Management LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14 shares of the business services provider’s stock, valued at approximately $59,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter valued at $25,000. Grove Bank & Trust boosted its stake in 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 period. POM Investment Strategies LLC bought a new position in Booking in the 2nd quarter worth about $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter valued at approximately $29,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 0.4 %

Shares of BKNG stock opened at $5,201.98 on Monday. The company has a market capitalization of $172.19 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 1.62 and a beta of 1.38. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,237.00. The stock’s fifty day simple moving average is $4,599.47 and its 200-day simple moving average is $4,093.76.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.67%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BKNG shares. JMP Securities raised their target price on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Finally, Bank of America raised their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued 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 $4,820.50.

Booking 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.