Signaturefd LLC Has $1.75 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Signaturefd LLC raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 351 shares of the business services provider’s stock after purchasing an additional 35 shares during the quarter. Signaturefd LLC’s holdings in Booking were worth $1,746,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BKNG. Cibc World Markets Corp grew its stake in shares of Booking by 10.4% in the 4th quarter. Cibc World Markets Corp now owns 5,945 shares of the business services provider’s stock valued at $29,537,000 after purchasing an additional 561 shares during the period. First National Advisers LLC lifted its position in shares of Booking by 6.5% during the 4th quarter. First National Advisers LLC now owns 1,192 shares of the business services provider’s stock worth $5,922,000 after buying an additional 73 shares during the period. Sovereign Investment Advisors LLC acquired a new stake in Booking in the 4th quarter valued at $248,000. Harbour Investments Inc. grew its position in Booking by 6.5% in the fourth quarter. Harbour Investments Inc. now owns 49 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Booking by 198.9% during the fourth quarter. Corient Private Wealth LLC now owns 31,850 shares of the business services provider’s stock worth $158,247,000 after acquiring an additional 21,195 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 2.2 %

Shares of BKNG stock opened at $4,563.39 on Tuesday. The firm has a market capitalization of $149.75 billion, a price-to-earnings ratio of 26.37, 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. The firm has a fifty day moving average of $4,809.82 and a 200-day moving average of $4,687.26.

Booking (NASDAQ:BKNG) last announced 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 negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is presently 22.19%.

Analyst Ratings Changes

BKNG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Robert W. Baird assumed coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Finally, Wedbush raised their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

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.