Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,005 shares of the business services provider’s stock after buying an additional 91 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Booking were worth $13,780,000 as of its most recent SEC filing.

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

Booking Price Performance

BKNG 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 business has a 50-day moving average of $5,098.72 and a 200-day moving average of $4,942.15. The company has a market capitalization of $172.41 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

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

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. JMP Securities increased 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. Cfra raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Bank of America increased their price target on Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. B. Riley increased their price target 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,388.37.

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.