Signaturefd LLC Purchases 35 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Signaturefd LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 351 shares of the business services provider’s stock after buying an additional 35 shares during the quarter. Signaturefd LLC’s holdings in Booking were worth $1,746,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter worth about $25,000. Valley National Advisers Inc. grew its holdings in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares in the last quarter. Promus Capital LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $35,000. Finally, Roxbury Financial LLC bought a new stake in Booking during the fourth quarter worth about $42,000. 92.42% of the stock is owned by institutional investors.

Booking Trading Up 2.2 %

Shares of Booking stock opened at $4,563.39 on Tuesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a market cap of $149.75 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The company has a 50 day moving average of $4,809.82 and a 200-day moving average of $4,687.26.

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

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.84%. Booking’s dividend payout ratio is currently 22.19%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer boosted their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets upped their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. Royal Bank of Canada upped their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Mizuho lifted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.