Impact Capital Partners LLC Acquires Shares of 57 Booking Holdings Inc. (NASDAQ:BKNG)

Impact Capital Partners LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 57 shares of the business services provider’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Proficio Capital Partners LLC increased its stake in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Booking in the fourth quarter worth approximately $207,089,000. Bryn Mawr Capital Management LLC grew its stake in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after acquiring an additional 37,477 shares during the period. Finally, Harvard Management Co. Inc. bought a new stake in shares of Booking in the third quarter worth approximately $155,427,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. B. Riley lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald lifted their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Oppenheimer lifted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, Mizuho raised their price objective 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. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

NASDAQ:BKNG opened at $4,295.40 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a 50-day moving average of $4,825.51 and a 200 day moving average of $4,666.88. The firm has a market cap of $140.95 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results 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 analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Sell-side analysts anticipate 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 will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.89%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s dividend payout ratio is presently 22.19%.

About Booking

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.