Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 45.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191 shares of the business services provider’s stock after acquiring an additional 60 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Booking were worth $881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the fourth quarter worth about $30,000. Promus Capital LLC acquired a new position in Booking during the fourth quarter worth about $35,000. Roxbury Financial LLC acquired a new position in Booking during the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Booking during the fourth quarter worth about $40,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,298.38 on Friday. The stock has a market cap of $172.41 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. The firm has a fifty day moving average price of $5,098.72 and a 200 day moving average price of $4,942.15. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data 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. The company had revenue of $4.76 billion during 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%. Booking’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $20.39 EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BKNG shares. Wells Fargo & Company boosted their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. BMO Capital Markets boosted their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Robert W. Baird upped their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald cut their target price on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5,388.37.

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.