Hennion & Walsh Asset Management Inc. Buys 27 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 145 shares of the business services provider’s stock after acquiring an additional 27 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Booking were worth $720,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB lifted its position in shares of Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the period. Cumberland Partners Ltd increased its holdings in Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised 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 valued at $981,929,000 after acquiring an additional 233,052 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BKNG shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Tigress Financial lifted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Wells Fargo & Company reduced their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Stock Up 1.3 %

Shares of NASDAQ:BKNG opened at $4,926.80 on Monday. The stock has a market cap of $163.06 billion, a PE ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41. The company’s fifty day moving average is $5,052.18 and its 200 day moving average is $4,381.01. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. Booking’s dividend payout ratio 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.