Cary Street Partners Financial LLC Invests $402,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Cary Street Partners Financial LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 81 shares of the business services provider’s stock, valued at approximately $402,000.

Other large investors also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. boosted its position in Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after purchasing an additional 264 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after acquiring an additional 153 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after acquiring an additional 368 shares in the last quarter. Principal Financial Group Inc. raised its position in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the period. Finally, Alberta Investment Management Corp lifted its holdings in Booking by 160.0% during the fourth quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock valued at $6,459,000 after purchasing an additional 800 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ:BKNG opened at $5,086.10 on Friday. The stock has a market capitalization of $165.50 billion, a P/E ratio of 29.39, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a 50 day moving average price of $4,672.55 and a 200 day moving average price of $4,846.12.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is currently 23.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BKNG. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays increased their target price on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. B. Riley lifted their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on Booking from $5,750.00 to $4,850.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities lifted their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 30th. Ten investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,299.29.

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.