Janney Montgomery Scott LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Janney Montgomery Scott LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the third quarter, Holdings Channel.com reports. The firm owned 2,357 shares of the business services provider’s stock after acquiring an additional 139 shares during the period. Janney Montgomery Scott LLC’s holdings in Booking were worth $9,928,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Csenge Advisory Group raised its stake in Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after buying an additional 3 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Booking by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after purchasing an additional 3 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in Booking by 0.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 3 shares in the last quarter. CVA Family Office LLC increased its stake in Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3 shares during the last quarter. Finally, American National Bank raised its holdings in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related 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 sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKNG shares. The Goldman Sachs Group lifted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. UBS Group boosted their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley raised their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Price Performance

Shares of BKNG opened at $4,920.87 on Friday. Booking Holdings Inc. has a 1-year low of $2,998.52 and a 1-year high of $5,060.50. The stock has a market cap of $162.88 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. The firm has a 50 day simple moving average of $4,199.26 and a 200-day simple moving average of $3,914.68.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued 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 dividend yield of 0.71%. Booking’s dividend payout ratio (DPR) 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.