Left Brain Wealth Management LLC Has $596,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Left Brain Wealth Management LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 79.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120 shares of the business services provider’s stock after purchasing an additional 53 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Booking were worth $596,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the 4th quarter valued at $25,000. Valley National Advisers Inc. raised its stake in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. Promus Capital LLC acquired a new position in Booking during the 4th quarter valued at $35,000. Finally, Roxbury Financial LLC acquired a new position in Booking during the 4th quarter valued at $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 2.4 %

Shares of NASDAQ BKNG opened at $4,295.40 on Friday. The firm’s 50-day simple moving average is $4,825.51 and its 200 day simple moving average is $4,666.88. The company has a market cap of $140.95 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.89%. Booking’s dividend payout ratio is presently 22.19%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Tigress Financial boosted their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Cantor Fitzgerald boosted their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Royal Bank of Canada boosted their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Bank of America boosted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.