Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,564 shares of the business services provider’s stock after purchasing an additional 169 shares during the quarter. Investment Management Corp of Ontario’s holdings in Booking were worth $23,436,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Icon Wealth Advisors LLC lifted its position 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 in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the 3rd quarter valued at $5,322,600,000. Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth $155,427,000. 1832 Asset Management L.P. grew its position in Booking by 106.0% during the second 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. Finally, AustralianSuper Pty Ltd boosted its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,224.28 on Tuesday. The firm has a fifty day moving average price of $4,599.47 and a two-hundred day moving average price of $4,093.76. Booking Holdings Inc. has a one year low of $3,104.48 and a one year high of $5,237.00. The company has a market cap of $172.92 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.62 and a beta of 1.41.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is presently 23.75%.

Analyst Ratings Changes

Several equities analysts have commented on BKNG shares. Citigroup raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Tigress Financial increased their price target on 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. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. Finally, Benchmark reissued a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

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.