Jacobs Levy Equity Management Inc. Has $400.11 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,990 shares of the business services provider’s stock after purchasing an additional 1,779 shares during the period. Booking comprises 1.5% of Jacobs Levy Equity Management Inc.’s portfolio, making the stock its 5th biggest holding. Jacobs Levy Equity Management Inc. owned about 0.29% of Booking worth $400,109,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BKNG. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares in the last quarter. BDF Gestion bought a new position in Booking during the second quarter worth about $6,897,000. Cumberland Partners Ltd increased its stake in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares in the last quarter. CWM LLC raised its holdings in Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after buying an additional 277 shares during the period. Finally, Icon Wealth Advisors LLC lifted its stake in Booking by 342,723.5% in the third 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. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKNG shares. B. Riley boosted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group raised their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. BMO Capital Markets boosted their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Stock Performance

Shares of BKNG opened at $5,224.28 on Tuesday. The firm has a market cap of $172.92 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41. The business’s fifty day moving average is $4,599.47 and its 200-day moving average is $4,093.76. Booking Holdings Inc. has a 52-week low of $3,104.48 and a 52-week high of $5,237.00.

Booking Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.67%. Booking’s payout ratio is presently 23.75%.

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.