Captrust Financial Advisors Purchases 58 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Captrust Financial Advisors boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,096 shares of the business services provider’s stock after acquiring an additional 58 shares during the period. Captrust Financial Advisors’ holdings in Booking were worth $4,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. bought a new stake in Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust raised its stake in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC bought a new stake in Booking in the 3rd quarter valued at about $29,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research reports. Wedbush boosted their price objective on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Bank of America upped their price target on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price target on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer upped their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Stock Performance

NASDAQ:BKNG opened at $5,214.38 on Wednesday. The firm has a market cap of $172.58 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,104.48 and a fifty-two week high of $5,258.20. The business has a 50 day moving average price of $4,642.75 and a 200-day moving average price of $4,114.85.

Booking Announces Dividend

The business also recently disclosed 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. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

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.