Balboa Wealth Partners Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Balboa Wealth Partners acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60 shares of the business services provider’s stock, valued at approximately $253,000.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Booking during the 3rd quarter worth $5,322,600,000. Bessemer Group Inc. boosted its holdings in Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after purchasing an additional 61,268 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Booking during the second quarter worth $125,615,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 0.1 %

Shares of NASDAQ BKNG opened at $4,975.19 on Friday. Booking Holdings Inc. has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The stock has a fifty day simple moving average of $4,335.39 and a two-hundred day simple moving average of $3,973.41. The firm has a market cap of $164.68 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of equities analysts have commented on BKNG shares. DA Davidson boosted their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial upped their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Wedbush lifted their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

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.