Brueske Advisory Services LLC Buys Shares of 42 Booking Holdings Inc. (NASDAQ:BKNG)

Brueske Advisory Services LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42 shares of the business services provider’s stock, valued at approximately $209,000.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on BKNG shares. Royal Bank of Canada upped their price objective on Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Bank of America upped their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price objective on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Tigress Financial upped their price objective on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. 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 company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Up 0.0 %

NASDAQ BKNG opened at $5,034.55 on Thursday. The business’s 50 day moving average is $4,900.68 and its two-hundred day moving average is $4,594.68. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $165.21 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is currently 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.