Azzad Asset Management Inc. ADV Raises Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Azzad Asset Management Inc. ADV boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% during the first quarter, HoldingsChannel.com reports. The firm owned 687 shares of the business services provider’s stock after purchasing an additional 18 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Booking were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2 shares in the last quarter. Elequin Capital LP boosted its holdings in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 2 shares in the last quarter. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Booking by 4.1% during the 4th quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider’s stock worth $379,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 3.0%

Shares of Booking stock opened at $5,298.38 on Friday. 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 cap of $172.41 billion, a PE ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. The business’s fifty day moving average is $5,098.72 and its two-hundred day moving average is $4,944.08.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share 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 negative return on equity of 159.34% and a net margin of 24.78%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $20.39 EPS. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is currently 23.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKNG. Barclays upped 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 note on Friday, February 21st. Wells Fargo & Company upped their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Morgan Stanley lowered their price target on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. JMP Securities boosted their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 30th. Finally, BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target on the stock in a research note on Friday, April 4th. Ten equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,388.37.

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.