Captrust Financial Advisors Boosts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Captrust Financial Advisors raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 52.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,676 shares of the business services provider's stock after acquiring an additional 580 shares during the quarter. Captrust Financial Advisors' holdings in Booking were worth $8,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Mogy Joel R Investment Counsel Inc. increased its position in shares of Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after buying an additional 264 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after purchasing an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock valued at $29,160,000 after buying an additional 368 shares during the period. Principal Financial Group Inc. grew its position in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after buying an additional 2,010 shares in the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of Booking by 160.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock valued at $6,459,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Down 1.5 %

BKNG stock traded down $79.17 on Friday, hitting $5,086.10. The company had a trading volume of 228,424 shares, compared to its average volume of 248,269. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market cap of $165.50 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.71 and a beta of 1.42. The stock's 50-day simple moving average is $4,672.55 and its 200 day simple moving average is $4,849.82.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $20.39 earnings per share. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.75%. Booking's dividend payout ratio (DPR) is 23.89%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKNG. Robert W. Baird boosted their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Benchmark raised their price objective on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. Piper Sandler reduced their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,299.29.

About Booking

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.