Focus Partners Advisor Solutions LLC Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Focus Partners Advisor Solutions LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 216.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456 shares of the business services provider's stock after purchasing an additional 312 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Booking were worth $2,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC bought a new position in Booking during the 4th quarter valued at approximately $35,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock traded up $116.59 during trading hours on Tuesday, reaching $5,449.39. 68,815 shares of the company traded hands, compared to its average volume of 246,771. The firm has a 50-day moving average price of $4,839.33 and a 200 day moving average price of $4,899.90. The company has a market cap of $177.32 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,449.39.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly 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. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $20.39 earnings per share. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is 23.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Benchmark increased their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. cut their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. 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 report on Thursday, April 17th. Finally, Robert W. Baird upped their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,299.29.

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.