TD Private Client Wealth LLC Buys 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

TD Private Client Wealth LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 348 shares of the business services provider’s stock after acquiring an additional 5 shares during the quarter. TD Private Client Wealth LLC’s holdings in Booking were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Garner Asset Management Corp boosted its holdings in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC boosted its holdings in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after buying an additional 2 shares during the period. Raymond James Trust N.A. boosted its holdings in Booking by 0.5% in the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock worth $2,788,000 after buying an additional 3 shares during the period. Nicolet Advisory Services LLC boosted its holdings in Booking by 1.3% in the 3rd quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider’s stock worth $989,000 after buying an additional 3 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in Booking by 1.9% in the 3rd quarter. Crewe Advisors LLC now owns 160 shares of the business services provider’s stock worth $674,000 after buying an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BKNG shares. Morgan Stanley raised their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Robert W. Baird started coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Wedbush increased 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 note on Monday, January 6th. Bank of America increased their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Performance

BKNG stock opened at $4,617.26 on Friday. The firm has a market cap of $151.52 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm’s fifty day moving average is $4,789.60 and its 200 day moving average is $4,700.90.

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

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

Booking Company 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.