NorthRock Partners LLC Buys 245 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

NorthRock Partners LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 126.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439 shares of the business services provider's stock after acquiring an additional 245 shares during the period. NorthRock Partners LLC's holdings in Booking were worth $2,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKNG. OMERS ADMINISTRATION Corp boosted its holdings in Booking by 17.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,305 shares of the business services provider's stock worth $11,452,000 after purchasing an additional 341 shares in the last quarter. MayTech Global Investments LLC boosted its holdings in Booking by 5.7% in the fourth quarter. MayTech Global Investments LLC now owns 6,101 shares of the business services provider's stock worth $30,313,000 after purchasing an additional 328 shares in the last quarter. Meridiem Capital Partners LP bought a new stake in Booking in the fourth quarter worth $13,479,000. Minot DeBlois Advisors LLC bought a new stake in Booking in the fourth quarter worth $50,000. Finally, Guardian Wealth Advisors LLC NC boosted its holdings in Booking by 28.1% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 82 shares of the business services provider's stock worth $407,000 after purchasing an additional 18 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target 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, April 30th. UBS Group decreased their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Benchmark upped their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. Finally, Piper Sandler decreased their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Ten investment 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,299.29.

Booking Trading Up 1.5%

NASDAQ:BKNG traded up $79.33 during mid-day trading on Friday, hitting $5,317.07. The company's stock had a trading volume of 199,930 shares, compared to its average volume of 248,313. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a market capitalization of $173.02 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 1.71 and a beta of 1.42. The stock has a fifty day moving average of $4,735.30 and a 200-day moving average of $4,876.84.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $20.39 earnings per share. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.

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.