Checchi Capital Advisers LLC Has $2.48 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Checchi Capital Advisers LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 500 shares of the business services provider’s stock after buying an additional 5 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Booking were worth $2,484,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the fourth quarter valued at about $25,000. Valley National Advisers Inc. raised its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.3 %

Shares of NASDAQ BKNG opened at $5,033.83 on Wednesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a market cap of $165.16 billion, a PE ratio of 29.09, a P/E/G ratio of 1.71 and a beta of 1.39. The company has a 50-day moving average of $4,898.86 and a two-hundred day moving average of $4,591.58.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.76%. Booking’s dividend payout ratio is presently 20.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BKNG shares. B. Riley increased their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald boosted their price target on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Benchmark increased their price objective on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada upped their target price on Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Ten research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

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.