Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,357 shares of the business services provider’s stock after acquiring an additional 35 shares during the period. Howe & Rusling Inc.’s holdings in Booking were worth $6,742,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BKNG. Mogy Joel R Investment Counsel Inc. lifted its position in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares during the period. Nordea Investment Management AB raised its stake in shares of Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after buying an additional 8,735 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after buying an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.3 %

Shares of Booking stock opened at $4,764.16 on Thursday. The business’s fifty day moving average price is $4,787.19 and its 200 day moving average price is $4,721.46. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock has a market capitalization of $156.34 billion, a P/E ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for 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%. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.81%. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is presently 22.19%.

Analyst Ratings Changes

A number of equities research analysts have commented on BKNG shares. Piper Sandler reissued a “neutral” rating and issued a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Oppenheimer raised their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Benchmark upped their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

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.