Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54 shares of the business services provider’s stock after acquiring an additional 4 shares during the quarter. Jacobi Capital Management LLC’s holdings in Booking were worth $269,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. increased its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. Addison Advisors LLC boosted its position in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. boosted its position in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Tigress Financial boosted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Oppenheimer boosted their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Bank of America upped their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Price Performance

BKNG opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm’s fifty day moving average price is $4,896.45 and its two-hundred day moving average price is $4,631.73. The company has a market capitalization of $162.31 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.78%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

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.