Mill Capital Management LLC Has $28.10 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mill Capital Management LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,655 shares of the business services provider’s stock after purchasing an additional 4 shares during the quarter. Booking comprises 2.2% of Mill Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Mill Capital Management LLC’s holdings in Booking were worth $28,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Booking during the fourth quarter worth about $207,089,000. Bryn Mawr Capital Management LLC raised its stake in Booking by 3,940.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after acquiring an additional 37,477 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth about $155,427,000. Finally, Corient Private Wealth LLC raised its stake in Booking by 198.9% during the fourth quarter. Corient Private Wealth LLC now owns 31,850 shares of the business services provider’s stock worth $158,247,000 after acquiring an additional 21,195 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.6 %

Shares of NASDAQ:BKNG opened at $4,617.26 on Monday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock’s 50 day moving average is $4,789.60 and its 200-day moving average is $4,707.25. The firm has a market capitalization of $151.52 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Equities research 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 0.83%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is presently 22.19%.

Analysts Set New Price Targets

Several brokerages have commented on BKNG. Bank of America boosted their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. 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 report on Friday, February 21st. DA Davidson boosted their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, Cantor Fitzgerald boosted their price target on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target 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.