Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,102 shares of the business services provider’s stock after buying an additional 3 shares during the period. Parallel Advisors LLC’s holdings in Booking were worth $15,413,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. increased its stake in shares of Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after acquiring an additional 264 shares during the period. Nordea Investment Management AB boosted its holdings in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock worth $4,495,000 after purchasing an additional 153 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock opened at $4,465.48 on Monday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a 50 day moving average price of $4,816.74 and a 200 day moving average price of $4,682.53. The company has a market cap of $146.53 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKNG. B. Riley upped their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson upped their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a research note on Wednesday, December 11th. Wedbush upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Mizuho increased their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking 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.