Independent Advisor Alliance lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920 shares of the business services provider's stock after buying an additional 190 shares during the quarter. Independent Advisor Alliance's holdings in Booking were worth $4,573,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the 4th quarter valued at about $25,000. Promus Capital LLC acquired a new stake in Booking in the 4th quarter worth about $35,000. Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares during the last quarter. Finally, Addison Advisors LLC increased its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock worth $38,000 after buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on BKNG. B. Riley increased their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson increased their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald boosted their price objective on Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on Booking from $5,575.00 to $5,750.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Citigroup upped their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average price target of $5,370.43.
View Our Latest Stock Analysis on Booking
Booking Stock Down 2.2 %
Booking stock opened at $4,353.41 on Wednesday. The company's 50 day moving average is $4,849.47 and its two-hundred day moving average is $4,671.37. The firm has a market cap of $142.86 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.88%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 22.19%.
Booking Profile
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
