Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 59.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,750 shares of the business services provider’s stock after acquiring an additional 650 shares during the period. Booking comprises about 1.7% of Pier 88 Investment Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Pier 88 Investment Partners LLC’s holdings in Booking were worth $8,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the fourth quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in Booking in the fourth quarter valued at $30,000. Promus Capital LLC bought a new position in Booking during the 4th quarter valued at $35,000. Finally, Valley National Advisers Inc. grew its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BKNG. Benchmark upped their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Mizuho increased their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their price target on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays increased their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Trading Down 2.5 %

Shares of NASDAQ BKNG opened at $4,634.24 on Monday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a 50-day moving average of $4,779.09 and a two-hundred day moving average of $4,740.07. The company has a market capitalization of $152.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its 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 business had revenue of $5.47 billion during 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 predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. Booking’s payout ratio is 22.19%.

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.