Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Raised by Savvy Advisors Inc.

Savvy Advisors Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 20.3% in the fourth quarter, HoldingsChannel reports. The firm owned 71 shares of the business services provider’s stock after acquiring an additional 12 shares during the period. Savvy Advisors Inc.’s holdings in Booking were worth $355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new position in Booking during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in shares of Booking in the 4th quarter valued at about $35,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 0.6 %

BKNG opened at $4,556.84 on Tuesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a 50 day moving average of $4,712.69 and a 200-day moving average of $4,771.67. The stock has a market capitalization of $149.53 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping 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 predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.84%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date was Friday, March 7th. Booking’s payout ratio is currently 22.19%.

Analysts Set New Price Targets

BKNG has been the subject of several research reports. Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. DA Davidson boosted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho increased their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Bank of America boosted their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets raised their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Eleven equities 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 company. According to MarketBeat, the stock 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.