Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Capital Market Strategies LLC

Capital Market Strategies LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124 shares of the business services provider’s stock after acquiring an additional 4 shares during the quarter. Capital Market Strategies LLC’s holdings in Booking were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Valley National Advisers Inc. raised its stake 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 worth $36,000 after buying an additional 6 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $35,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock opened at $5,502.00 on Friday. The stock has a fifty day moving average of $4,889.59 and a two-hundred day moving average of $4,910.68. The company has a market capitalization of $179.04 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,509.67.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the business posted $20.39 earnings per share. Booking’s revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKNG shares. Morgan Stanley cut their target price on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Benchmark increased their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson increased their target price on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. B. Riley increased their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,299.29.

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.