Claro Advisors LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Claro Advisors LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 81.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163 shares of the business services provider’s stock after buying an additional 73 shares during the quarter. Claro Advisors LLC’s holdings in Booking were worth $687,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Booking by 0.8% during 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 buying an additional 3 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of Booking by 8.1% during the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after buying an additional 3 shares during the last quarter. American National Bank lifted its position in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares during the period. First Horizon Advisors Inc. lifted its position in Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 3 shares during the period. Finally, Jacobsen Capital Management lifted its position in Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKNG. The Goldman Sachs Group boosted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. JMP Securities boosted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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, Royal Bank of Canada upped their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4,749.83.

Booking Trading Up 0.1 %

BKNG stock opened at $4,975.19 on Monday. The company has a market cap of $164.68 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.55 and a beta of 1.38. Booking Holdings Inc. has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The firm has a 50-day moving average of $4,360.27 and a two-hundred day moving average of $3,991.30.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 0.70%. Booking’s payout ratio is 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 $14,722,379.07. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

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.