Broadway Wealth Solutions Inc. Acquires Shares of 69 Booking Holdings Inc. (NASDAQ:BKNG)

Broadway Wealth Solutions Inc. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69 shares of the business services provider’s stock, valued at approximately $343,000.

Several other institutional investors have also recently made changes to their positions in BKNG. Proficio Capital Partners LLC lifted its stake in shares of Booking by 621,874.8% in the 4th 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 period. Geode Capital Management LLC raised its position in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Norges Bank purchased a new stake in shares of Booking during the 4th quarter worth about $1,958,352,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $1,249,311,000 after acquiring an additional 11,649 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.2 %

BKNG stock opened at $4,752.80 on Friday. The stock has a market capitalization of $155.96 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock’s fifty day simple moving average is $4,784.95 and its 200-day simple moving average is $4,721.67. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG) last released its 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 22.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BKNG shares. Wells Fargo & Company boosted their price objective on Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” 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. Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Cantor Fitzgerald upped their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.