Freestone Capital Holdings LLC Has $954,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Freestone Capital Holdings LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 192 shares of the business services provider’s stock after purchasing an additional 16 shares during the period. Freestone Capital Holdings LLC’s holdings in Booking were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Proficio Capital Partners LLC raised its holdings in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Booking during the fourth quarter worth $207,089,000. Bryn Mawr Capital Management LLC increased its holdings in Booking by 3,940.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after buying an additional 37,477 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth $155,427,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. BMO Capital Markets boosted their target price 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. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

Booking stock opened at $4,695.97 on Friday. The business has a 50 day moving average of $4,879.84 and a 200-day moving average of $4,643.05. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market capitalization of $154.10 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.82%. Booking’s dividend payout ratio is presently 22.19%.

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.