Boit C F David Acquires New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Boit C F David acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150 shares of the business services provider's stock, valued at approximately $691,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd lifted its holdings in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the period. SageView Advisory Group LLC raised its stake in shares of Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after buying an additional 2 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP grew its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after acquiring an additional 2 shares during the period. Finally, Childress Capital Advisors LLC raised its position in Booking by 2.4% during the fourth quarter. Childress Capital Advisors LLC now owns 126 shares of the business services provider's stock worth $625,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cfra raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Benchmark boosted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, DA Davidson raised their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,340.36.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $52.17 during mid-day trading on Wednesday, reaching $5,527.24. The company's stock had a trading volume of 94,201 shares, compared to its average volume of 271,092. The stock has a 50-day moving average of $4,933.99 and a two-hundred day moving average of $4,920.88. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,560.45. The stock has a market capitalization of $179.86 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.71 and a beta of 1.42.

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 the consensus estimate 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 the consensus estimate of $4.58 billion. During the same period in the prior year, the business earned $20.39 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.