Meridian Financial Partners LLC Purchases Shares of 67 Booking Holdings Inc. (NASDAQ:BKNG)

Meridian Financial Partners LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 67 shares of the business services provider's stock, valued at approximately $309,000.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Booking in the fourth quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking during the 4th quarter valued at $30,000. Promus Capital LLC acquired a new stake in Booking during the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new stake in Booking during the 4th quarter valued at $40,000. Finally, Roxbury Financial LLC acquired a new stake in Booking during the 4th quarter valued at $42,000. Institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. B. Riley boosted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JMP Securities boosted their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Finally, Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5,377.33.

Booking Stock Performance

BKNG opened at $5,614.61 on Friday. The company has a market cap of $182.70 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The stock has a 50-day moving average of $4,990.30 and a 200-day moving average of $4,932.90. 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 announced 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 firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm 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 0.68%. Booking's payout ratio is 23.89%.

Booking Company 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.

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