GAMMA Investing LLC Has $2.25 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

GAMMA Investing LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 453 shares of the business services provider’s stock after acquiring an additional 53 shares during the quarter. GAMMA Investing LLC’s holdings in Booking were worth $2,251,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BKNG. Versant Capital Management Inc lifted its position in Booking by 79.3% during the 4th quarter. Versant Capital Management Inc now owns 52 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 23 shares during the period. Principal Financial Group Inc. raised its stake in shares of Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after buying an additional 2,010 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Booking during the third quarter worth approximately $18,508,000. Inspire Trust Co. N.A. lifted its holdings in Booking by 404.4% in the third quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock valued at $1,933,000 after buying an additional 368 shares during the period. Finally, Optimist Retirement Group LLC boosted its stake in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,925.29 on Friday. The company’s 50-day moving average is $5,018.40 and its 200-day moving average is $4,311.36. The firm has a market capitalization of $163.01 billion, a PE ratio of 33.42, a P/E/G ratio of 2.11 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $8.75 dividend. 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 dividend payout ratio is 23.75%.

Analysts Set New Price Targets

BKNG has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Robert W. Baird initiated coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Oppenheimer boosted their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4,945.96.

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.