BridgePort Financial Solutions LLC Invests $635,000 in Booking Holdings Inc. (NASDAQ:BKNG)

BridgePort Financial Solutions LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 129 shares of the business services provider's stock, valued at approximately $635,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC boosted its stake in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after purchasing an additional 2 shares during the period. Belpointe Asset Management LLC boosted its stake in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares during the period. Elequin Capital LP boosted 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 worth $60,000 after purchasing an additional 2 shares during the period. Finally, Webster Bank N. A. boosted its stake in Booking by 3.8% in the 4th quarter. Webster Bank N. A. now owns 82 shares of the business services provider's stock worth $407,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. UBS Group dropped their target price on 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. BMO Capital Markets increased their target price on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler reduced their price objective on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,299.29.

Booking Stock Performance

Shares of BKNG stock traded up $26.74 during mid-day trading on Thursday, hitting $5,502.00. The company's stock had a trading volume of 193,588 shares, compared to its average volume of 247,329. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,597.50. The business has a 50-day moving average price of $4,873.74 and a 200 day moving average price of $4,907.67. The stock has a market cap of $179.04 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.71 and a beta of 1.42.

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 for the quarter, topping 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 analysts' expectations of $4.58 billion. During the same quarter in the previous year, the business earned $20.39 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is 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.