King Luther Capital Management Corp Buys 106 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

King Luther Capital Management Corp raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,832 shares of the business services provider's stock after purchasing an additional 106 shares during the quarter. King Luther Capital Management Corp's holdings in Booking were worth $24,007,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BKNG. Garner Asset Management Corp raised its holdings in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC increased its position in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after purchasing an additional 2 shares during the period. D Orazio & Associates Inc. increased its position in shares of Booking by 3.2% during the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider's stock valued at $405,000 after purchasing an additional 3 shares during the period. Nicolet Advisory Services LLC raised its stake in shares of Booking by 1.3% in the third quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider's stock valued at $989,000 after purchasing an additional 3 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in Booking by 1.9% in the third quarter. Crewe Advisors LLC now owns 160 shares of the business services provider's stock worth $674,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Down 2.2 %

Booking stock opened at $4,353.41 on Wednesday. The stock has a market cap of $142.86 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The business's 50-day simple moving average is $4,849.47 and its 200 day simple moving average is $4,671.37.

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

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 0.88%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio is 22.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BKNG shares. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th. Tigress Financial increased their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 18th. Baird R W upgraded shares of Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. Royal Bank of Canada upped their price objective on Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Wedbush raised their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.

Booking Company 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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