Simplicity Wealth LLC Has $1.10 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Simplicity Wealth LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 33.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239 shares of the business services provider's stock after purchasing an additional 60 shares during the period. Simplicity Wealth LLC's holdings in Booking were worth $1,103,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Booking by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking in the fourth quarter valued at $1,958,352,000. Finally, Northern Trust Corp lifted its position in Booking by 18.8% during the 4th 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. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

BKNG traded up $6.75 on Thursday, hitting $5,473.03. 60,404 shares of the stock were exchanged, compared to its average volume of 246,400. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70. The firm has a market capitalization of $178.09 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 1.71 and a beta of 1.41. The business has a 50-day moving average of $5,051.69 and a two-hundred day moving average of $4,941.07.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $20.39 earnings per share. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.70%. Booking's dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Piper Sandler cut their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Bank of America lifted their price target 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. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Finally, Morgan Stanley reduced their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.

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.