Cardinal Capital Management Inc. Purchases 108 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cardinal Capital Management Inc. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,195 shares of the business services provider’s stock after purchasing an additional 108 shares during the period. Booking comprises about 1.1% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 27th biggest position. Cardinal Capital Management Inc.’s holdings in Booking were worth $33,147,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Booking in the fourth quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in shares of Booking in the fourth quarter worth about $35,000. Roxbury Financial LLC bought a new position in shares of Booking in the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Booking in the fourth quarter worth about $40,000. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Booking stock opened at $5,539.41 on Tuesday. The company’s 50 day simple moving average is $5,007.30 and its 200 day simple moving average is $4,933.57. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The firm has a market capitalization of $180.25 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.71 and a beta of 1.41.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Citigroup boosted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald dropped their target price on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Ten investment 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. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,388.37.

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.