Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404 shares of the business services provider's stock after purchasing an additional 56 shares during the period. Miracle Mile Advisors LLC's holdings in Booking were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the fourth quarter valued at $30,000. Promus Capital LLC acquired a new position in Booking during the fourth quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new position in Booking during the fourth quarter valued at $40,000. Finally, Roxbury Financial LLC acquired a new position in Booking during the fourth quarter valued at $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKNG. Citigroup boosted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Morgan Stanley decreased their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. UBS Group decreased their price objective on shares of 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, Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,377.33.

Booking Trading Up 0.8%

Shares of NASDAQ BKNG opened at $5,614.61 on Monday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70. The stock has a market cap of $182.70 billion, a PE ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41. The company has a 50-day moving average of $4,990.30 and a 200 day moving average of $4,931.04.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (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 company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 EPS. Booking's revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's dividend payout ratio is presently 23.89%.

Booking 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.

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