Azzad Asset Management Inc. ADV Purchases 18 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Azzad Asset Management Inc. ADV raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 687 shares of the business services provider’s stock after purchasing an additional 18 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Booking were worth $3,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Summit Securities Group LLC bought a new stake in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the 4th quarter valued at $30,000. Promus Capital LLC bought a new stake in Booking during the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter valued at $40,000. Finally, Roxbury Financial LLC bought a new stake in Booking during the 4th quarter valued at $42,000. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Booking stock opened at $5,298.38 on Friday. The business’s 50-day simple moving average is $5,098.72 and its two-hundred day simple moving average is $4,944.08. The company has a market cap of $172.41 billion, a PE ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

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

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. Booking’s payout ratio is 23.89%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. UBS Group reduced their price target on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Citigroup boosted their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,388.37.

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.