Pacific Point Advisors LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Pacific Point Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 53 shares of the business services provider's stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. Realta Investment Advisors purchased a new stake in shares of Booking in the 4th quarter worth about $520,000. Guerra Pan Advisors LLC purchased a new position in Booking in the 4th quarter valued at about $229,000. Beaumont Financial Advisors LLC purchased a new position in Booking in the 4th quarter valued at about $253,000. XML Financial LLC lifted its holdings in Booking by 2.8% in the 4th quarter. XML Financial LLC now owns 145 shares of the business services provider's stock valued at $720,000 after purchasing an additional 4 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its holdings in Booking by 17.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 94 shares of the business services provider's stock valued at $467,000 after purchasing an additional 14 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald reduced their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Stock Up 2.2%

Shares of Booking stock traded up $118.94 on Tuesday, hitting $5,451.74. 257,303 shares of the company's stock traded hands, compared to its average volume of 276,925. The stock has a market cap of $177.40 billion, a P/E ratio of 31.51, a PEG ratio of 1.71 and a beta of 1.42. The firm's 50-day moving average is $4,839.33 and its 200 day moving average is $4,899.90. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,471.78.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS 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 during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the prior year, the business posted $20.39 EPS. The business's revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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