Integrated Wealth Concepts LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Integrated Wealth Concepts LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395 shares of the business services provider’s stock after acquiring an additional 101 shares during the period. Integrated Wealth Concepts LLC’s holdings in Booking were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burling Wealth Partners LLC bought a new position in Booking during the fourth quarter valued at $1,595,000. Adage Capital Partners GP L.L.C. raised its position in shares of Booking by 2.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 30,900 shares of the business services provider’s stock valued at $153,524,000 after buying an additional 800 shares in the last quarter. Totem Point Management LLC lifted its holdings in shares of Booking by 76.4% in the 4th quarter. Totem Point Management LLC now owns 1,907 shares of the business services provider’s stock valued at $9,475,000 after acquiring an additional 826 shares during the last quarter. Quantessence Capital LLC purchased a new position in Booking in the fourth quarter worth about $1,212,000. Finally, Alta Advisers Ltd increased its position in shares of Booking by 9.0% during the 4th quarter. Alta Advisers Ltd now owns 109 shares of the business services provider’s stock valued at $542,000 after purchasing an additional 9 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent analyst reports. UBS Group increased their target price on Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Piper Sandler restated a “neutral” rating and issued a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. JMP Securities reduced their target price on shares of Booking from $6,100.00 to $5,600.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, DA Davidson increased their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,278.66.

Booking Price Performance

Shares of BKNG opened at $4,838.44 on Monday. The company’s fifty day moving average price is $4,652.64 and its 200-day moving average price is $4,799.78. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market capitalization of $157.93 billion, a PE ratio of 27.96, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 0.79%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking’s payout ratio is presently 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.