Net Worth Advisory Group Buys New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Net Worth Advisory Group bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 174 shares of the business services provider's stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Sapient Capital LLC boosted its position in Booking by 0.4% in the 1st quarter. Sapient Capital LLC now owns 7,409 shares of the business services provider's stock valued at $34,133,000 after buying an additional 33 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Booking by 7.5% in the first quarter. Fifth Third Bancorp now owns 4,921 shares of the business services provider's stock valued at $22,671,000 after acquiring an additional 345 shares during the last quarter. Simon Quick Advisors LLC increased its position in Booking by 26.6% during the first quarter. Simon Quick Advisors LLC now owns 452 shares of the business services provider's stock worth $2,082,000 after buying an additional 95 shares during the last quarter. Zhang Financial LLC increased its position in Booking by 17.4% during the first quarter. Zhang Financial LLC now owns 459 shares of the business services provider's stock worth $2,116,000 after buying an additional 68 shares during the last quarter. Finally, Trinity Financial Advisors LLC boosted its holdings in shares of Booking by 3,600.0% during the first quarter. Trinity Financial Advisors LLC now owns 3,737 shares of the business services provider's stock worth $17,216,000 after acquiring an additional 3,636 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Robert W. Baird lifted 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 report on Wednesday, April 30th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Citigroup upped their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

Booking Trading Down 3.0%

Shares of Booking stock traded down $163.57 on Friday, reaching $5,298.38. 261,976 shares of the company were exchanged, compared to its average volume of 247,722. The company has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70. The company has a 50-day moving average of $5,098.72 and a 200 day moving average of $4,942.15.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the firm posted $20.39 earnings per share. Booking's revenue was up 7.9% compared to the same quarter last year. Analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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 issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is presently 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.