B. Riley Wealth Advisors Inc. Decreases Position in Booking Holdings Inc. (NASDAQ:BKNG)

B. Riley Wealth Advisors Inc. lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194 shares of the business services provider's stock after selling 86 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Booking were worth $965,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Point72 Europe London LLP bought a new position in shares of Booking during the 4th quarter worth about $15,054,000. Sequoia Financial Advisors LLC lifted its position in Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after acquiring an additional 153 shares in the last quarter. Alberta Investment Management Corp lifted its position in 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. Hickory Asset Management Inc. bought a new position in Booking in the 4th quarter valued at about $1,624,000. Finally, Boston Trust Walden Corp lifted its position in Booking by 6.4% in the 4th quarter. Boston Trust Walden Corp now owns 11,221 shares of the business services provider's stock valued at $55,751,000 after acquiring an additional 672 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ:BKNG traded up $19.98 during trading hours on Monday, hitting $5,538.91. The stock had a trading volume of 136,687 shares, compared to its average volume of 246,554. The company has a 50 day simple moving average of $4,919.55 and a two-hundred day simple moving average of $4,917.01. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,544.43. The firm has a market capitalization of $180.24 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 1.71 and a beta of 1.42.

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

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. B. Riley increased their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup increased their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $5,299.29.

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.