Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3,600.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,737 shares of the business services provider's stock after buying an additional 3,636 shares during the quarter. Booking makes up about 3.5% of Trinity Financial Advisors LLC's investment portfolio, making the stock its 7th largest position. Trinity Financial Advisors LLC's holdings in Booking were worth $17,216,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BKNG. Summit Securities Group LLC purchased a new stake in Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the fourth quarter valued at $30,000. Promus Capital LLC bought a new position in Booking during the fourth quarter valued at $35,000. Roxbury Financial LLC bought a new position in Booking during the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in Booking during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKNG. Citigroup boosted 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 report on Friday, February 21st. B. Riley boosted 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 report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Bank of America upped their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Ten 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Price Performance

Shares of BKNG stock traded down $163.57 during mid-day trading on Friday, hitting $5,298.38. 261,976 shares of the stock traded hands, compared to its average volume of 247,722. The stock has a market cap of $172.41 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. The stock's fifty day moving average is $5,098.72 and its two-hundred day moving average is $4,942.15. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70.

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

Booking Announces Dividend

The business 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 $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.