Lake Street Advisors Group LLC Acquires 13 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Lake Street Advisors Group LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313 shares of the business services provider’s stock after purchasing an additional 13 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Booking were worth $1,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Booking by 3.3% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Booking by 4.1% during the 3rd 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 in the last quarter. Finally, Icon Wealth Advisors LLC increased its position in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $5,034.55 on Thursday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $165.18 billion, a PE ratio of 29.09, a P/E/G ratio of 1.71 and a beta of 1.39. The stock has a 50-day moving average of $4,900.68 and a 200-day moving average of $4,594.68.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company 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%. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $9.60 dividend. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.76%. Booking’s dividend payout ratio (DPR) is presently 20.23%.

Analyst Ratings Changes

BKNG has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upped their price objective on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.