Nicolet Advisory Services LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Nicolet Advisory Services LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241 shares of the business services provider’s stock after acquiring an additional 3 shares during the period. Nicolet Advisory Services LLC’s holdings in Booking were worth $989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Icon Wealth Advisors LLC increased its stake in 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 worth $981,929,000 after acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Booking during the 3rd quarter valued at about $5,322,600,000. 1832 Asset Management L.P. lifted its stake in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after buying an additional 35,270 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in Booking during the second quarter worth $125,615,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKNG. JMP Securities raised their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Wedbush boosted their target price on Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by insiders.

Booking Trading Down 0.6 %

NASDAQ BKNG opened at $5,177.15 on Friday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,216.00. The company has a fifty day simple moving average of $4,482.65 and a two-hundred day simple moving average of $4,038.22. The stock has a market cap of $171.36 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.62 and a beta of 1.38.

Booking Announces Dividend

The company also recently declared 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 0.68%. Booking’s payout ratio is presently 23.75%.

Booking Company 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.