Toth Financial Advisory Corp Makes New $276,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Toth Financial Advisory Corp purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 60 shares of the business services provider's stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wesbanco Bank Inc. purchased a new position in shares of Booking in the first quarter worth approximately $645,000. First Citizens Bank & Trust Co. raised its position in Booking by 2,935.5% in the first quarter. First Citizens Bank & Trust Co. now owns 1,882 shares of the business services provider's stock worth $8,670,000 after acquiring an additional 1,820 shares during the period. Abacus Planning Group Inc. purchased a new position in shares of Booking during the 1st quarter worth $207,000. Capital Investment Advisors LLC boosted its stake in shares of Booking by 37.2% during the 1st quarter. Capital Investment Advisors LLC now owns 118 shares of the business services provider's stock worth $544,000 after acquiring an additional 32 shares during the last quarter. Finally, Meridian Financial Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at $309,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 0.9%

Booking stock traded down $51.43 during mid-day trading on Tuesday, hitting $5,487.98. The company had a trading volume of 178,597 shares, compared to its average volume of 246,833. The company has a market capitalization of $178.58 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,639.70. The company's fifty day moving average is $5,007.30 and its 200-day moving average is $4,933.57.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. 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 prior year, the firm posted $20.39 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BKNG shares. Wells Fargo & Company boosted their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. B. Riley upped their price target 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. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. JMP Securities lifted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.