Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578 shares of the business services provider's stock after buying an additional 96 shares during the quarter. Booking comprises 2.0% of Precision Wealth Strategies LLC's portfolio, making the stock its 17th largest position. Precision Wealth Strategies LLC's holdings in Booking were worth $2,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Proficio Capital Partners LLC raised its position in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC raised its position in shares of Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the period. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth approximately $1,958,352,000. Finally, Northern Trust Corp raised its position in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

NASDAQ BKNG opened at $5,298.38 on Monday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The stock's 50-day moving average is $5,098.72 and its two-hundred day moving average is $4,940.18. The firm has a market cap of $172.41 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share 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 company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. Booking's payout ratio is presently 23.89%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKNG. B. Riley increased their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research report on Friday, April 4th. Wells Fargo & Company raised their target price on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. BMO Capital Markets raised their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Barclays raised their target price on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Ten investment 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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