Corient Private Wealth LLC Acquires 21,195 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Corient Private Wealth LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 198.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,850 shares of the business services provider’s stock after purchasing an additional 21,195 shares during the period. Corient Private Wealth LLC owned approximately 0.10% of Booking worth $158,247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Garner Asset Management Corp lifted its holdings in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares in the last quarter. Optimist Retirement Group LLC raised its position in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Booking by 1.3% in the 3rd quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider’s stock valued at $989,000 after buying an additional 3 shares during the last quarter. Crewe Advisors LLC increased its position in shares of Booking by 1.9% during the 3rd quarter. Crewe Advisors LLC now owns 160 shares of the business services provider’s stock worth $674,000 after purchasing an additional 3 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Booking by 0.5% during the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock worth $2,788,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BKNG shares. Piper Sandler reaffirmed a “neutral” rating and set a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. DA Davidson boosted their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Mizuho boosted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Up 4.0 %

Shares of BKNG opened at $4,465.48 on Friday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The business has a 50-day simple moving average of $4,816.74 and a two-hundred day simple moving average of $4,677.04. The stock has a market cap of $146.53 billion, a PE ratio of 25.81, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued 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 business had revenue of $5.47 billion during 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%. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.86%. Booking’s dividend payout ratio is presently 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.