47 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Bestgate Wealth Advisors LLC

Bestgate Wealth Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 47 shares of the business services provider’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the fourth quarter valued at $25,000. Promus Capital LLC bought a new position in shares of Booking in the fourth quarter valued at $35,000. Valley National Advisers Inc. lifted its stake in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of Booking in the fourth quarter valued at $42,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 2.0 %

BKNG opened at $4,471.51 on Wednesday. The company has a market capitalization of $146.73 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.71 and a beta of 1.40. The firm has a 50-day moving average price of $4,803.32 and a 200-day moving average price of $4,691.22. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BKNG shares. Citigroup raised their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Barclays raised their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Bank of America raised their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald raised their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.