Brucke Financial Inc. Purchases Shares of 63 Booking Holdings Inc. (NASDAQ:BKNG)

Brucke Financial Inc. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 63 shares of the business services provider's stock, valued at approximately $298,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its holdings in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after buying an additional 864,406 shares in the last quarter. Geode Capital Management LLC grew its holdings in Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after buying an additional 6,009 shares in the last quarter. Norges Bank purchased a new position in Booking during the 4th quarter valued at about $1,958,352,000. Northern Trust Corp boosted its stake in Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares during the period. Finally, Sanders Capital LLC grew its position in Booking by 1.4% during the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after buying an additional 3,926 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ:BKNG traded up $26.74 during mid-day trading on Thursday, reaching $5,502.00. 193,588 shares of the company's stock traded hands, compared to its average volume of 247,329. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,597.50. The firm has a market capitalization of $179.04 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.71 and a beta of 1.42. The company has a 50 day moving average price of $4,873.74 and a 200-day moving average price of $4,907.67.

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 for the quarter, topping the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for 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%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $20.39 earnings per share. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. Booking's dividend payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets lifted their price target on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Citigroup lifted their price target on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. UBS Group dropped their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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.