Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 88.9% during the first quarter, HoldingsChannel.com reports. The firm owned 17 shares of the business services provider’s stock after acquiring an additional 8 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Booking were worth $78,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new stake in Booking during the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new stake in Booking during the fourth quarter worth about $35,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking in the 4th quarter worth about $40,000. Finally, Roxbury Financial LLC acquired a new position in shares of Booking in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 0.8%

BKNG stock opened at $5,614.61 on Friday. The firm has a 50 day simple moving average of $4,990.30 and a 200-day simple moving average of $4,932.90. The company has a market capitalization of $182.70 billion, a P/E ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,639.70.

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

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. Booking’s dividend payout ratio (DPR) is 23.89%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities increased 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 report on Wednesday, April 30th. Cantor Fitzgerald dropped their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their price target on Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Ten investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,377.33.

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.