Seven Mile Advisory Raises Position in Booking Holdings Inc. (NASDAQ:BKNG)

Seven Mile Advisory boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Seven Mile Advisory’s holdings in Booking were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. boosted its position in Booking by 13.0% during the third quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock worth $876,000 after purchasing an additional 24 shares during the period. CreativeOne Wealth LLC bought a new position in Booking in the 3rd quarter worth approximately $666,000. Captrust Financial Advisors grew its stake in Booking by 5.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,096 shares of the business services provider’s stock valued at $4,618,000 after buying an additional 58 shares in the last quarter. Fred Alger Management LLC bought a new stake in Booking during the 3rd quarter valued at $1,007,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Booking during the third quarter worth $5,223,000. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. DA Davidson increased their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group boosted their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Piper Sandler reiterated a “neutral” rating and issued a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Finally, Royal Bank of Canada boosted their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 2.5 %

Shares of BKNG stock opened at $4,634.24 on Monday. The business’s fifty day moving average is $4,779.09 and its 200 day moving average is $4,740.07. The stock has a market cap of $152.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.18 billion. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. Booking’s payout ratio is presently 22.19%.

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.