Greykasell Wealth Strategies Inc. Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Greykasell Wealth Strategies Inc. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 75 shares of the business services provider’s stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Promus Capital LLC bought a new stake in Booking during the fourth quarter worth approximately $35,000. Valley National Advisers Inc. lifted its position in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the period. Finally, Roxbury Financial LLC bought a new position in Booking during the 4th quarter valued at $42,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $4,465.48 on Friday. The firm has a market cap of $146.53 billion, a P/E ratio of 25.81, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock’s 50-day moving average is $4,816.74 and its two-hundred day moving average is $4,671.52.

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, beating the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, research analysts expect 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. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.86%. 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. Booking’s payout ratio is presently 22.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BKNG shares. Citigroup boosted their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark boosted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JMP Securities restated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. B. Riley boosted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Bank of America raised their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine 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 stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

About Booking

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.