Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187 shares of the business services provider’s stock after acquiring an additional 24 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Booking were worth $930,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter valued at $25,000. Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the period. Promus Capital LLC acquired a new position in shares of Booking during the 4th quarter valued at $35,000. Finally, Roxbury Financial LLC acquired a new position in shares of Booking during the 4th quarter valued at $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,451.03 on Tuesday. The business’s 50-day moving average price is $4,861.77 and its two-hundred day moving average price is $4,667.69. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market capitalization of $146.06 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.86%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 22.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKNG shares. Mizuho lifted their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays lifted their price target on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. UBS Group lifted their price target on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Finally, Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.