Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67 shares of the business services provider’s stock after purchasing an additional 4 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Booking were worth $333,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Edgemoor Investment Advisors Inc. lifted its holdings in shares of Booking by 2.7% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 1,001 shares of the business services provider’s stock worth $4,973,000 after purchasing an additional 26 shares during the period. Cozad Asset Management Inc. lifted its holdings in shares of Booking by 27.6% during the fourth quarter. Cozad Asset Management Inc. now owns 111 shares of the business services provider’s stock worth $551,000 after purchasing an additional 24 shares during the period. Signaturefd LLC lifted its holdings in shares of Booking by 11.1% during the fourth quarter. Signaturefd LLC now owns 351 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 35 shares during the period. Cibc World Markets Corp lifted its holdings in shares of Booking by 10.4% during the fourth quarter. Cibc World Markets Corp now owns 5,945 shares of the business services provider’s stock worth $29,537,000 after purchasing an additional 561 shares during the period. Finally, First National Advisers LLC lifted its holdings in shares of Booking by 6.5% during the fourth quarter. First National Advisers LLC now owns 1,192 shares of the business services provider’s stock worth $5,922,000 after purchasing an additional 73 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Cfra raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets raised their target price on Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Benchmark raised their target price on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised their target price on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Trading Up 2.2 %

Shares of NASDAQ:BKNG opened at $4,563.39 on Tuesday. The stock’s 50-day moving average price is $4,809.82 and its two-hundred day moving average price is $4,687.26. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm has a market cap of $149.75 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, March 7th. Booking’s payout ratio is currently 22.19%.

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.