Sendero Wealth Management LLC Acquires Shares of 510 Booking Holdings Inc. (NASDAQ:BKNG)

Sendero Wealth Management 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 510 shares of the business services provider's stock, valued at approximately $2,350,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after purchasing an additional 6,009 shares in the last quarter. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth about $1,958,352,000. Finally, Northern Trust Corp grew its holdings in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BKNG shares. Cantor Fitzgerald decreased their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group dropped their price objective on shares of 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. Benchmark boosted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JMP Securities increased their target price on 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, BMO Capital Markets raised their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5,377.33.

Booking Stock Performance

Shares of Booking stock traded up $13.52 during trading on Thursday, hitting $5,570.52. 185,629 shares of the stock traded hands, compared to its average volume of 246,428. The stock has a market cap of $181.26 billion, a P/E ratio of 32.19, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,637.02. The company has a fifty day moving average price of $4,952.45 and a two-hundred day moving average price of $4,925.27.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $20.39 EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given 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 23.89%.

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.