Mission Wealth Management LP Has $1.09 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mission Wealth Management LP increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219 shares of the business services provider’s stock after acquiring an additional 5 shares during the period. Mission Wealth Management LP’s holdings in Booking were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Garner Asset Management Corp lifted its position in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares during the period. Seascape Capital Management grew its holdings in shares of Booking by 0.3% during the 3rd quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock valued at $4,242,000 after acquiring an additional 3 shares in the last quarter. D Orazio & Associates Inc. increased its stake in shares of Booking by 3.2% in the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock worth $405,000 after acquiring an additional 3 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Booking by 1.3% during the third quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider’s stock worth $989,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 1.0 %

Shares of BKNG opened at $4,898.40 on Wednesday. The stock’s 50-day moving average price is $4,891.96 and its 200 day moving average price is $4,640.74. The firm has a market capitalization of $160.74 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion during 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%. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research reports. Cantor Fitzgerald upped their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Barclays increased their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Mizuho lifted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. UBS Group increased their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Oppenheimer lifted 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. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.