Orion Capital Management LLC Invests $174,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Orion Capital Management LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 35 shares of the business services provider’s stock, valued at approximately $174,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after buying an additional 864,406 shares during the period. Geode Capital Management LLC raised its holdings in shares of Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock valued at $3,986,244,000 after purchasing an additional 6,009 shares in the last quarter. Norges Bank purchased a new stake in shares of Booking in the 4th quarter worth approximately $1,958,352,000. Northern Trust Corp boosted its stake in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after purchasing an additional 58,357 shares in the last quarter. Finally, Sanders Capital LLC raised its stake in Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider’s stock worth $1,416,318,000 after buying an additional 3,926 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup increased their target price on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Wells Fargo & Company lifted their target price on Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Benchmark increased their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, JMP Securities raised their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5,299.29.

Booking Trading Down 1.3%

Shares of BKNG opened at $5,310.68 on Wednesday. The firm has a market cap of $172.81 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,379.98. The company’s 50 day simple moving average is $4,775.16 and its 200-day simple moving average is $4,888.48.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $20.39 EPS. As a group, equities 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. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.72%. Booking’s payout ratio is currently 23.89%.

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.