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

BlackDiamond Wealth Management LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67 shares of the business services provider’s stock after acquiring an additional 4 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Booking were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BKNG shares. Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald upped their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Tigress Financial upped their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Robert W. Baird began coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Finally, Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Nine investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Up 2.2 %

Shares of Booking stock opened at $4,563.39 on Tuesday. The firm has a market capitalization of $149.75 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm’s 50 day moving average is $4,809.82 and its two-hundred day moving average is $4,687.26.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, research analysts expect 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 issued a $9.60 dividend. This is an increase 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 dividend payout ratio is presently 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.