Summit Securities Group LLC Acquires Shares of 6 Booking Holdings Inc. (NASDAQ:BKNG)

Summit Securities Group LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6 shares of the business services provider’s stock, valued at approximately $30,000.

A number of other large investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the fourth quarter valued at $25,000. Valley National Advisers Inc. raised its position in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the period. Promus Capital LLC purchased a new stake in Booking in the 4th quarter worth about $35,000. Finally, Roxbury Financial LLC acquired a new stake in Booking during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer lifted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Piper Sandler reissued a “neutral” rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Down 2.5 %

BKNG opened at $4,634.24 on Monday. The stock’s 50 day moving average price is $4,779.09 and its two-hundred day moving average price is $4,740.07. The firm has a market capitalization of $152.07 billion, a P/E ratio of 26.78, 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 posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating 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 analysts’ expectations of $5.18 billion. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is currently 22.19%.

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.