Burt Wealth Advisors Acquires Shares of 46 Booking Holdings Inc. (NASDAQ:BKNG)

Burt Wealth Advisors bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46 shares of the business services provider’s stock, valued at approximately $229,000.

A number of other institutional investors also recently modified their holdings of BKNG. Proficio Capital Partners LLC increased its stake in 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 worth $4,295,423,000 after acquiring an additional 864,406 shares during the period. Geode Capital Management LLC grew its holdings in shares of Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after purchasing an additional 2,321 shares during the period. Fisher Asset Management LLC raised its stake in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after purchasing an additional 11,649 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 1.4 %

NASDAQ:BKNG opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a fifty day moving average of $4,896.45 and a 200-day moving average of $4,631.73. The firm has a market capitalization of $162.31 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.78%. Booking’s payout ratio is currently 22.19%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday, February 21st. UBS Group lifted their price target on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company upped their price objective on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.