HighPoint Advisor Group LLC Acquires 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

HighPoint Advisor Group LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499 shares of the business services provider’s stock after purchasing an additional 10 shares during the period. HighPoint Advisor Group LLC’s holdings in Booking were worth $2,442,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking in the 4th quarter worth $25,000. Summit Securities Group LLC bought a new stake in Booking in the 4th quarter worth about $30,000. Promus Capital LLC purchased a new stake in shares of Booking during the fourth quarter valued at approximately $35,000. Finally, Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during 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. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Piper Sandler reissued a “neutral” rating and set a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. B. Riley lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group increased their price objective on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Down 0.6 %

Booking stock opened at $4,606.91 on Tuesday. The stock has a market cap of $151.18 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.71 and a beta of 1.40. The business has a 50-day simple moving average of $4,772.70 and a 200 day simple moving average of $4,745.26. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

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

Booking Increases Dividend

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