Clarendon Private LLC Invests $904,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Clarendon Private LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 182 shares of the business services provider’s stock, valued at approximately $904,000. Booking accounts for approximately 0.9% of Clarendon Private LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter worth about $25,000. West Financial Advisors LLC purchased a new position in Booking during the third quarter worth about $29,000. Addison Advisors LLC increased its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,764.89 on Friday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company’s 50-day moving average is $5,028.05 and its 200 day moving average is $4,406.60. The stock has a market capitalization of $157.72 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Wells Fargo & Company dropped their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Bank of America increased their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

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.