Monograph Wealth Advisors LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Monograph Wealth Advisors LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 100 shares of the business services provider’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the fourth quarter worth $30,000. Finally, Valley National Advisers Inc. grew its holdings in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 1.3%

BKNG opened at $5,310.68 on Wednesday. The business has a 50 day moving average of $4,775.16 and a 200-day moving average of $4,888.48. The stock has a market capitalization of $172.81 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,379.98.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $20.39 EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKNG. Morgan Stanley decreased their price objective on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Barclays raised their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Robert W. Baird upped their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Ten 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 company currently has an average rating of “Moderate Buy” and an average price target of $5,299.29.

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.