Wealth Enhancement Advisory Services LLC Purchases 270 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Wealth Enhancement Advisory Services LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,790 shares of the business services provider's stock after buying an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Booking were worth $33,735,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in 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 valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC grew its holdings in Booking by 0.8% during the fourth 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 during the last quarter. Norges Bank bought a new stake in shares of Booking in the fourth quarter valued at approximately $1,958,352,000. Northern Trust Corp boosted its position in shares of Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after acquiring an additional 58,357 shares during the period. Finally, Sanders Capital LLC boosted its position in shares of Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock valued at $1,416,318,000 after acquiring an additional 3,926 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 0.0%

Shares of NASDAQ:BKNG traded down $0.92 during mid-day trading on Friday, hitting $5,501.08. 232,656 shares of the company traded hands, compared to its average volume of 246,995. The stock has a market cap of $179.01 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,532.50. The stock has a 50-day moving average price of $4,904.05 and a two-hundred day moving average price of $4,913.98.

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 (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for 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%. Booking'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. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed 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 is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.70%. Booking's dividend payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" 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 research report on Monday, March 17th. BTIG Research raised 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. DA Davidson increased their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Robert W. Baird raised their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Ten research 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's stock. According to data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.

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.