Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54 shares of the business services provider’s stock after acquiring an additional 4 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Booking were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Europe London LLP acquired a new position in shares of Booking during the 4th quarter valued at $15,054,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Booking by 20.3% during 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 in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Booking by 160.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock valued at $6,459,000 after acquiring an additional 800 shares in the last quarter. Hickory Asset Management Inc. acquired a new position in Booking in the 4th quarter worth $1,624,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Booking by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 17,177 shares of the business services provider’s stock worth $86,527,000 after buying an additional 438 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 3.0%

Shares of NASDAQ:BKNG opened at $5,298.38 on Friday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The company has a market cap of $172.41 billion, a PE ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. The firm has a 50-day simple moving average of $5,098.72 and a 200 day simple moving average of $4,944.08.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company boosted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Citigroup boosted their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group cut their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Ten equities 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5,388.37.

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.