Sagespring Wealth Partners LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Sagespring Wealth Partners LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 237 shares of the business services provider's stock, valued at approximately $1,179,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Crux Wealth Advisors acquired a new stake in Booking during the 4th quarter worth $1,689,000. Petros Family Wealth LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $368,000. Sterling Capital Management LLC grew its stake in Booking by 27.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,631 shares of the business services provider's stock worth $8,103,000 after buying an additional 349 shares during the last quarter. KDK Private Wealth Management LLC purchased a new stake in Booking in the fourth quarter valued at approximately $258,000. Finally, Covestor Ltd boosted its holdings in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BKNG. B. Riley upped their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Barclays increased their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Cantor Fitzgerald cut their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, JMP Securities decreased their price target on Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Eleven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,278.66.

Booking Trading Up 0.7 %

BKNG traded up $32.47 on Friday, reaching $4,573.31. The company had a trading volume of 216,763 shares, compared to its average volume of 248,864. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market capitalization of $150.07 billion, a P/E ratio of 26.43, a PEG ratio of 1.71 and a beta of 1.37. The company has a fifty day moving average of $4,695.61 and a 200-day moving average of $4,771.47.

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 for the quarter, topping 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 the consensus estimate of $5.18 billion. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently disclosed 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 a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. Booking's dividend payout ratio (DPR) is 22.19%.

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.