New Age Alpha Advisors LLC Buys Shares of 2,216 Booking Holdings Inc. (NASDAQ:BKNG)

New Age Alpha Advisors LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,216 shares of the business services provider’s stock, valued at approximately $11,010,000.

Other hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its holdings in shares of Booking by 13.0% in the third quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock worth $876,000 after buying an additional 24 shares during the last quarter. Freedom Investment Management Inc. raised its position in Booking by 10.1% in the third quarter. Freedom Investment Management Inc. now owns 413 shares of the business services provider’s stock worth $1,738,000 after acquiring an additional 38 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Booking during the 3rd quarter worth $666,000. MayTech Global Investments LLC grew its position in shares of Booking by 20.6% during the 3rd quarter. MayTech Global Investments LLC now owns 5,773 shares of the business services provider’s stock valued at $24,318,000 after acquiring an additional 988 shares during the period. Finally, Fiduciary Trust Co increased its stake in shares of Booking by 16.6% in the 3rd quarter. Fiduciary Trust Co now owns 1,482 shares of the business services provider’s stock worth $6,244,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BKNG shares. JPMorgan Chase & Co. boosted their price target on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday, February 21st. UBS Group increased their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. B. Riley increased their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

NASDAQ BKNG opened at $4,752.80 on Friday. The company’s 50-day simple moving average is $4,784.95 and its two-hundred day simple moving average is $4,721.67. 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 $155.96 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for 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%. Equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio 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.