Texas Yale Capital Corp. Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Texas Yale Capital Corp. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 44 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the 4th quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in shares of Booking in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BKNG. Wells Fargo & Company cut their price objective on shares of Booking from $5,248.00 to $4,567.00 and set an “equal weight” rating for the company in a report on Monday. 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 research report on Friday, February 21st. Cantor Fitzgerald upped their target price on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Benchmark raised their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Eleven equities research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5,327.28.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,494.64 on Friday. The company’s 50 day moving average price is $4,717.39 and its 200-day moving average price is $4,763.18. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market capitalization of $147.49 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

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

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $9.60 dividend. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, March 7th. Booking’s payout ratio is presently 22.19%.

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.