Anchor Investment Management LLC Has $3 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Anchor Investment Management LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 30.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 604 shares of the business services provider’s stock after buying an additional 141 shares during the period. Anchor Investment Management LLC’s holdings in Booking were worth $3,001,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the 4th quarter worth approximately $30,000. Finally, Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Wedbush boosted their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. UBS Group upped their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Mizuho lifted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Finally, Cantor Fitzgerald lifted their price target on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5,327.28.

Booking Stock Down 0.6 %

NASDAQ BKNG opened at $4,556.84 on Tuesday. The company has a market cap of $149.53 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm’s 50-day simple moving average is $4,712.69 and its two-hundred day simple moving average is $4,771.67.

Booking (NASDAQ:BKNG) last announced its quarterly 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. 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. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $9.60 dividend. The ex-dividend date of this dividend was 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 payout ratio is 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.