Petros Family Wealth LLC Acquires New Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Petros Family Wealth LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 74 shares of the business services provider's stock, valued at approximately $368,000.

A number of other large investors have also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in Booking during the fourth quarter worth about $35,000. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.6 %

Shares of NASDAQ:BKNG traded down $29.69 during midday trading on Monday, hitting $4,556.84. The stock had a trading volume of 288,049 shares, compared to its average volume of 248,546. The company has a market capitalization of $149.53 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The company's 50-day moving average price is $4,712.69 and its 200-day moving average price is $4,771.67. 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 data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating 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%. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

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Booking Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 22.19%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research report on Friday, April 4th. Mizuho boosted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. StockNews.com cut shares of Booking from a "buy" rating to a "hold" rating in a research note on Thursday. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Bank of America raised their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Eleven equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,327.28.

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.