Perennial Advisors LLC Invests $318,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Perennial Advisors LLC bought 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 & Exchange Commission. The fund bought 69 shares of the business services provider's stock, valued at approximately $318,000.

A number of other large investors also recently made changes to their positions in the business. Regent Peak Wealth Advisors LLC raised its stake in shares of Booking by 5.6% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 57 shares of the business services provider's stock worth $263,000 after purchasing an additional 3 shares in the last quarter. Rockingstone Advisors LLC grew its position in Booking by 22.2% in the first quarter. Rockingstone Advisors LLC now owns 165 shares of the business services provider's stock valued at $760,000 after acquiring an additional 30 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Booking by 36.1% during the first quarter. Sivia Capital Partners LLC now owns 132 shares of the business services provider's stock worth $606,000 after purchasing an additional 35 shares during the period. Princeton Global Asset Management LLC grew its holdings in Booking by 1.3% during the first quarter. Princeton Global Asset Management LLC now owns 808 shares of the business services provider's stock worth $3,724,000 after buying an additional 10 shares in the last quarter. Finally, Congress Asset Management Co. grew its position in Booking by 0.8% during the first quarter. Congress Asset Management Co. now owns 3,380 shares of the business services provider's stock worth $15,572,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Down 1.3%

Shares of Booking stock traded down $75.20 on Monday, hitting $5,539.41. The stock had a trading volume of 199,274 shares, compared to its average volume of 247,106. The stock has a market cap of $180.25 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70. The company's 50 day moving average price is $4,990.30 and its 200 day moving average price is $4,931.04.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly 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. The business had revenue of $4.76 billion during 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $20.39 EPS. Analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.69%. Booking's dividend payout ratio is currently 23.89%.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson raised their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Bank of America upped their price objective on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Barclays raised their target price on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

About Booking

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.