May Barnhard Investments LLC Makes New $229,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

May Barnhard Investments LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, Holdings Channel.com reports. The firm acquired 46 shares of the business services provider’s stock, valued at approximately $229,000.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. Bank of America upped their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Citigroup upped their target price on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. B. Riley upped their target price on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson upped their target price on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, BMO Capital Markets upped their target price on Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

Booking stock opened at $4,295.40 on Friday. The stock’s 50-day moving average is $4,825.51 and its 200-day 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 released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

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.