CNB Bank Buys 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CNB Bank lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 234 shares of the business services provider’s stock after acquiring an additional 18 shares during the quarter. CNB Bank’s holdings in Booking were worth $1,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Icon Wealth Advisors LLC lifted its stake 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 purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC bought a new position in shares of Booking during the 3rd quarter worth about $5,322,600,000. Empirical Asset Management LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $207,089,000. Harvard Management Co. Inc. bought a new position in Booking in the third quarter worth approximately $155,427,000. Finally, 1832 Asset Management L.P. grew 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 during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BKNG shares. Morgan Stanley raised their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group upped their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,961.57 on Friday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s fifty day moving average price is $5,053.63 and its 200-day moving average price is $4,367.09. The firm has a market capitalization of $164.23 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking’s payout ratio is 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.