Booking Holdings Inc. (NASDAQ:BKNG) Holdings Increased by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 102.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 320 shares of the business services provider’s stock after acquiring an additional 162 shares during the period. CreativeOne Wealth LLC’s holdings in Booking were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. Covestor Ltd boosted its stake in Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in shares of Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after buying an additional 2 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in Booking by 7.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after buying an additional 3 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Booking by 4.9% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock worth $318,000 after acquiring an additional 3 shares during the period. Finally, Marcum Wealth LLC raised its position in Booking by 3.5% in the fourth quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock worth $443,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BKNG. BTIG Research upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Cantor Fitzgerald raised their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. BMO Capital Markets lifted their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Mizuho increased their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Erste Group Bank cut Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Eleven 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,327.28.

Booking Price Performance

Shares of BKNG stock opened at $4,612.44 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock’s 50-day moving average is $4,709.34 and its two-hundred day moving average is $4,770.56. The firm has a market cap of $151.36 billion, a P/E ratio of 26.66, a PEG ratio of 1.71 and a beta of 1.37.

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

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) 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.