Williams Jones Wealth Management LLC. Has $691,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Williams Jones Wealth Management LLC. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 59.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 139 shares of the business services provider's stock after selling 200 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Booking were worth $691,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking during the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new stake in Booking in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in Booking in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG stock opened at $5,293.31 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,379.98. The stock has a market cap of $172.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.71 and a beta of 1.42. The firm's 50-day moving average is $4,791.71 and its 200-day moving average is $4,891.27.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $4.58 billion. During the same quarter in the prior year, the company earned $20.39 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business 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 dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. Booking's dividend payout ratio (DPR) is 23.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BKNG. Wells Fargo & Company upped 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. Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. DA Davidson increased their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Ten research 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

Booking 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.

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