Procyon Advisors LLC Has $2.48 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Procyon Advisors LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 103.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 537 shares of the business services provider’s stock after purchasing an additional 273 shares during the quarter. Procyon Advisors LLC’s holdings in Booking were worth $2,475,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BKNG. Summit Securities Group LLC acquired a new stake in Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new stake in shares of Booking during the 4th quarter worth approximately $35,000. Roxbury Financial LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in Booking in the fourth quarter valued at approximately $40,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BKNG shares. B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Piper Sandler dropped their price objective on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, JMP Securities upped their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $5,377.33.

Booking Stock Performance

Shares of BKNG opened at $5,614.61 on Friday. The firm has a market cap of $182.70 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70. The business’s 50 day moving average price is $4,990.30 and its two-hundred day moving average price is $4,933.48.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $20.39 earnings per share. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. Booking’s dividend payout ratio (DPR) is presently 23.89%.

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.