Geode Capital Management LLC Boosts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Geode Capital Management LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 797,116 shares of the business services provider’s stock after acquiring an additional 11,211 shares during the period. Geode Capital Management LLC’s holdings in Booking were worth $3,350,605,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BKNG. Janus Henderson Group PLC raised its holdings in Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC lifted its position in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares during the period. Ninety One UK Ltd boosted its stake in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after acquiring an additional 10,889 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its stake in shares of Booking by 342,723.5% during 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 purchasing an additional 233,052 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BKNG. Royal Bank of Canada upped their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. B. Riley increased their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley lifted their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,837.17.

Booking Trading Down 2.8 %

NASDAQ:BKNG opened at $5,149.60 on Tuesday. The company has a market cap of $170.45 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.20. The stock has a fifty day simple moving average of $4,724.27 and a 200-day simple moving average of $4,155.78.

Booking Dividend Announcement

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