PDS Planning Inc Buys 8 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

PDS Planning Inc boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201 shares of the business services provider’s stock after acquiring an additional 8 shares during the quarter. PDS Planning Inc’s holdings in Booking were worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter valued at $25,000. Promus Capital LLC bought a new stake in Booking in the 4th quarter valued at $35,000. Valley National Advisers Inc. lifted its position in Booking by 600.0% during the 4th 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 in the last quarter. Finally, Roxbury Financial LLC bought a new stake in Booking during the 4th quarter worth about $42,000. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on BKNG shares. Barclays boosted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wedbush boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock 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 issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Up 2.2 %

Booking stock opened at $4,563.39 on Tuesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company’s 50-day moving average price is $4,809.82 and its two-hundred day moving average price is $4,687.26. The stock has a market cap of $149.75 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 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 company 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 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. 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 dividend yield of 0.84%. Booking’s dividend payout ratio (DPR) is currently 22.19%.

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.