Kirtland Hills Capital Management LLC Acquires 7 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Kirtland Hills Capital Management LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204 shares of the business services provider’s stock after purchasing an additional 7 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Booking were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Icon Wealth Advisors LLC increased its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Booking in the fourth quarter valued at about $207,089,000. Bryn Mawr Capital Management LLC increased its position in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock valued at $190,926,000 after acquiring an additional 37,477 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of Booking during the third quarter valued at about $155,427,000. Finally, AustralianSuper Pty Ltd increased its position in shares of Booking by 61.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock valued at $253,762,000 after buying an additional 19,391 shares during the period. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BKNG shares. UBS Group boosted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted 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 report on Friday, February 21st. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. B. Riley boosted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Tigress Financial upped their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Down 0.3 %

Shares of BKNG stock opened at $5,033.83 on Wednesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $165.16 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.71 and a beta of 1.39. The company has a 50 day simple moving average of $4,898.86 and a two-hundred day simple moving average of $4,591.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS 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 analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share 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 paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.76%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s dividend payout ratio (DPR) is presently 20.23%.

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.