Booking Holdings Inc. (NASDAQ:BKNG) Position Increased by MayTech Global Investments LLC

MayTech Global Investments LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,773 shares of the business services provider’s stock after buying an additional 988 shares during the quarter. Booking comprises approximately 3.2% of MayTech Global Investments LLC’s holdings, making the stock its 15th largest position. MayTech Global Investments LLC’s holdings in Booking were worth $24,318,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BKNG shares. UBS Group boosted their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI lowered their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Stock Up 0.2 %

Shares of NASDAQ:BKNG opened at $5,223.15 on Thursday. Booking Holdings Inc. has a 12-month low of $3,079.50 and a 12-month high of $5,237.00. The firm has a market capitalization of $172.89 billion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The firm has a fifty day moving average of $4,552.59 and a two-hundred day moving average of $4,071.32.

Booking Dividend Announcement

The company 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 $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.67%. Booking’s dividend payout ratio (DPR) is currently 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.