CHICAGO TRUST Co NA Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

CHICAGO TRUST Co NA increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 569 shares of the business services provider’s stock after purchasing an additional 5 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Booking were worth $2,621,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the fourth quarter valued at $30,000. Promus Capital LLC bought a new stake in Booking during the fourth quarter valued at $35,000. Roxbury Financial LLC bought a new stake in Booking during the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Booking during the fourth quarter valued at $40,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Cfra raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Benchmark lifted their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target for the company in a research note on Friday, April 4th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5,377.33.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,614.61 on Monday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The company has a market cap of $182.70 billion, a PE ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41. The stock’s 50-day moving average is $4,990.30 and its 200 day moving average is $4,931.04.

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

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. Booking’s dividend payout ratio is presently 23.89%.

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.