Crux Wealth Advisors Makes New $1.69 Million Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Crux Wealth Advisors bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 340 shares of the business services provider's stock, valued at approximately $1,689,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Petros Family Wealth LLC bought a new position in Booking in the fourth quarter valued at $368,000. Sterling Capital Management LLC increased its position in shares of Booking by 27.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,631 shares of the business services provider's stock valued at $8,103,000 after acquiring an additional 349 shares during the last quarter. KDK Private Wealth Management LLC bought a new stake in Booking during the fourth quarter worth about $258,000. Covestor Ltd boosted its position in Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares during the last quarter. Finally, Argent Trust Co grew its stake in Booking by 0.5% in the fourth quarter. Argent Trust Co now owns 1,671 shares of the business services provider's stock valued at $8,302,000 after purchasing an additional 8 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BKNG shares. Morgan Stanley upped their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Bank of America lifted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Wedbush increased their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Piper Sandler restated a "neutral" rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Finally, BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.

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Booking Price Performance

Shares of Booking stock traded down $29.69 during trading hours on Monday, reaching $4,556.84. The company's stock had a trading volume of 288,049 shares, compared to its average volume of 248,546. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a 50 day moving average price of $4,712.69 and a 200-day moving average price of $4,771.67. The stock has a market cap of $149.53 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently declared 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. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. Booking's dividend payout ratio is presently 22.19%.

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.