KDK Private Wealth Management LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

KDK Private Wealth Management LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 52 shares of the business services provider’s stock, valued at approximately $258,000.

Several other large investors have also bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in Booking in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new position in Booking during the fourth quarter worth about $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Barclays boosted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Cfra raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, UBS Group increased their price target on Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,327.28.

Booking Stock Down 2.6 %

Shares of Booking stock opened at $4,494.64 on Friday. The business’s 50 day moving average is $4,717.39 and its 200-day moving average is $4,763.18. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market cap of $147.49 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG) last released 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

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.