Revolve Wealth Partners LLC Grows Position in Booking Holdings Inc. (NASDAQ:BKNG)

Revolve Wealth Partners LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45 shares of the business services provider’s stock after acquiring an additional 3 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Booking were worth $207,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC raised its stake in shares of Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP grew its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 2 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC grew its stake in Booking by 1.4% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 218 shares of the business services provider’s stock valued at $1,083,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BKNG shares. BMO Capital Markets upped their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley reduced their target price on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. increased their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,377.33.

Booking Stock Performance

NASDAQ BKNG opened at $5,614.61 on Monday. The firm has a market capitalization of $182.70 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70. The company’s 50 day moving average price is $4,990.30 and its 200 day moving average price is $4,931.04.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

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.