Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 479 shares of the business services provider’s stock after purchasing an additional 33 shares during the period. Booking makes up approximately 1.0% of FSB Premier Wealth Management Inc.’s portfolio, making the stock its 27th largest position. FSB Premier Wealth Management Inc.’s holdings in Booking were worth $2,380,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new position in shares of Booking in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in Booking during the fourth quarter worth about $35,000. Finally, Valley National Advisers Inc. grew its position in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $4,634.24 on Monday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm’s 50-day simple moving average is $4,779.09 and its 200-day simple moving average is $4,740.07. The firm has a market cap of $152.07 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently declared 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. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. Booking’s dividend payout ratio (DPR) is 22.19%.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research reports. Morgan Stanley upped their price target on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson boosted their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, BMO Capital Markets increased their price target on shares of Booking from $5,155.00 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 company. Based on data from MarketBeat.com, the stock 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.