Pacific Point Advisors LLC Takes $248,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Pacific Point Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 53 shares of the business services provider's stock, valued at approximately $248,000.

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

Booking Trading Up 0.6%

NASDAQ:BKNG traded up $33.16 during midday trading on Wednesday, hitting $5,484.90. 84,033 shares of the company were exchanged, compared to its average volume of 246,861. The company has a market capitalization of $178.48 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,505.28. The company has a fifty day simple moving average of $4,856.58 and a 200 day simple moving average of $4,903.73.

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 (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm'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 posted $20.39 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed 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 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 currently 23.89%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price objective 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. JPMorgan Chase & Co. dropped their target price on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Benchmark raised their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Citigroup raised their target price on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,299.29.

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.