Pallas Capital Advisors LLC Has $2.39 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Pallas Capital Advisors LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 86.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 519 shares of the business services provider's stock after purchasing an additional 241 shares during the period. Pallas Capital Advisors LLC's holdings in Booking were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking in the 4th quarter valued at $209,000. Thompson Investment Management Inc. purchased a new position in shares of Booking during the 4th quarter worth $75,000. Quotient Wealth Partners LLC boosted its position in shares of Booking by 11.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 107 shares of the business services provider's stock valued at $533,000 after acquiring an additional 11 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Booking by 2.6% in the fourth quarter. Angeles Wealth Management LLC now owns 233 shares of the business services provider's stock valued at $1,158,000 after purchasing an additional 6 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 0.1%

BKNG stock traded up $3.91 during mid-day trading on Thursday, hitting $5,470.19. 84,480 shares of the company were exchanged, compared to its average volume of 246,479. The firm has a fifty day simple moving average of $5,051.69 and a 200 day simple moving average of $4,941.07. The company has a market capitalization of $178.00 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $20.39 EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced 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 0.70%. Booking's dividend payout ratio is currently 23.89%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald decreased their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Citigroup increased their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $5,388.37.

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.