Tiemann Investment Advisors LLC Acquires Shares of 50 Booking Holdings Inc. (NASDAQ:BKNG)

Tiemann Investment Advisors LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 50 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mogy Joel R Investment Counsel Inc. raised its position in Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after acquiring an additional 264 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BKNG. Wells Fargo & Company boosted their price objective on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. B. Riley increased their price objective on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Finally, Mizuho increased their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Performance

Booking stock opened at $4,673.38 on Monday. The company’s 50 day simple moving average is $4,872.56 and its 200-day simple moving average is $4,662.88. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market capitalization of $153.36 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its earnings results 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. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.82%. Booking’s dividend payout ratio is presently 22.19%.

About Booking

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.