Legacy Private Trust Co. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 333 shares of the business services provider's stock, valued at approximately $1,534,000.
Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the fourth quarter worth about $30,000. Valley National Advisers Inc. grew its position in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Booking during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BKNG. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada reissued an "outperform" rating and set a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. DA Davidson increased their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Citigroup increased their price target on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,299.29.
View Our Latest Report on BKNG
Booking Trading Down 0.0%
Shares of BKNG stock traded down $0.92 on Friday, reaching $5,501.08. 232,656 shares of the company's stock were exchanged, compared to its average volume of 246,995. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,532.50. The stock has a market capitalization of $179.01 billion, a PE ratio of 31.79, a P/E/G ratio of 1.71 and a beta of 1.42. The company's fifty day simple moving average is $4,904.05 and its 200 day simple moving average is $4,913.47.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 EPS. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued 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 0.70%. Booking's payout ratio is currently 23.89%.
About Booking
(
Free Report)
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.
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