Cary Street Partners Financial LLC Makes New $402,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Cary Street Partners Financial LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 81 shares of the business services provider’s stock, valued at approximately $402,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after buying an additional 864,406 shares in the last quarter. Norges Bank purchased a new position in shares of Booking in the 4th quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership raised its holdings in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after buying an additional 95,308 shares during the period. Northern Trust Corp increased its position in Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after acquiring an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC raised its stake in shares of Booking by 132.7% in the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider’s stock valued at $440,967,000 after acquiring an additional 50,605 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKNG. B. Riley upped their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. JMP Securities boosted their price objective on Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a report on Wednesday, April 30th. Barclays increased their target price on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Robert W. Baird upped their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,299.29.

Booking Trading Down 1.5 %

NASDAQ:BKNG opened at $5,086.10 on Friday. The company has a market capitalization of $165.50 billion, a P/E ratio of 29.39, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a fifty day simple moving average of $4,672.55 and a 200-day simple moving average of $4,846.12.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business 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. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current 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 $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.75%. Booking’s dividend payout ratio (DPR) is presently 23.89%.

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.