Integrated Wealth Concepts LLC Buys 101 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Integrated Wealth Concepts LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 395 shares of the business services provider's stock after acquiring an additional 101 shares during the period. Integrated Wealth Concepts LLC's holdings in Booking were worth $1,961,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BKNG. Mogy Joel R Investment Counsel Inc. grew its holdings in shares of Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after purchasing an additional 264 shares during the period. Nordea Investment Management AB grew its stake in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock valued at $896,455,000 after buying an additional 8,735 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after buying an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock valued at $29,160,000 after buying an additional 368 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after acquiring an additional 2,010 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. BMO Capital Markets lifted their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a report on Wednesday. Benchmark raised their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Robert W. Baird upped their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,262.41.

Booking Stock Up 0.0 %

Shares of BKNG traded up $2.15 during trading hours on Thursday, hitting $5,101.43. 304,739 shares of the company were exchanged, compared to its average volume of 252,584. The company has a market cap of $166.52 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.71 and a beta of 1.37. The firm's fifty day moving average is $4,648.25 and its 200 day moving average is $4,806.77. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

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, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the firm posted $20.39 EPS. The firm's revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $9.60 per share. The ex-dividend date was Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.75%. Booking's dividend payout ratio is 22.19%.

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.