Regent Peak Wealth Advisors LLC Grows Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Regent Peak Wealth Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Booking were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BKNG. GAMMA Investing LLC boosted its position in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $3,986,244,000 after purchasing an additional 6,009 shares in the last quarter. Norges Bank acquired a new stake in shares of Booking in the 4th quarter worth $1,958,352,000. Finally, Northern Trust Corp lifted its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock worth $1,831,499,000 after acquiring an additional 58,357 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.8%

BKNG opened at $5,614.61 on Friday. The firm has a market capitalization of $182.70 billion, a PE 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. The firm’s 50-day moving average price is $4,990.30 and its 200 day moving average price is $4,932.90.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for 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%. Booking’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $20.39 earnings per share. As a group, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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 paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKNG. Wall Street Zen raised Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Erste Group Bank lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, B. Riley lifted their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,377.33.

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.