Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80 shares of the business services provider’s stock after purchasing an additional 12 shares during the quarter. Lindbrook Capital LLC’s holdings in Booking were worth $397,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BKNG. Garner Asset Management Corp boosted its holdings in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC lifted its position in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the last quarter. Seascape Capital Management boosted its stake in Booking by 0.3% during the 3rd quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock valued at $4,242,000 after purchasing an additional 3 shares during the period. D Orazio & Associates Inc. grew its position in Booking by 3.2% in the 3rd quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock worth $405,000 after purchasing an additional 3 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in shares of Booking by 1.3% in the third quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider’s stock valued at $989,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. Benchmark boosted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Oppenheimer raised their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Mizuho increased their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,695.97 on Friday. The firm has a 50 day simple moving average of $4,879.84 and a 200 day simple moving average of $4,643.05. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market cap of $154.10 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39.

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, beating analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion during 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%. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. Booking’s dividend payout ratio (DPR) is presently 22.19%.

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.