Toth Financial Advisory Corp Takes $276,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Toth Financial Advisory Corp acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 60 shares of the business services provider's stock, valued at approximately $276,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Booking in the fourth quarter valued at $209,000. Thompson Investment Management Inc. bought a new stake in Booking during the fourth quarter worth about $75,000. Quotient Wealth Partners LLC raised its holdings in shares of Booking by 11.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 107 shares of the business services provider's stock valued at $533,000 after buying an additional 11 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in Booking by 2.6% in the 4th quarter. Angeles Wealth Management LLC now owns 233 shares of the business services provider's stock worth $1,158,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

BKNG stock traded down $163.57 on Friday, hitting $5,298.38. 261,976 shares of the company's stock were exchanged, compared to its average volume of 247,315. 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 50 day moving average price of $5,076.04 and a two-hundred day moving average price of $4,943.51. The stock has a market cap of $172.41 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping 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 firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $20.39 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.72%. Booking's dividend payout ratio (DPR) is 23.89%.

Analysts Set New Price Targets

Several brokerages recently commented on BKNG. Benchmark lifted their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Barclays upped their price target on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, DA Davidson raised their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.