Aviso Wealth Management Buys 22 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Aviso Wealth Management boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 23.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115 shares of the business services provider’s stock after buying an additional 22 shares during the quarter. Aviso Wealth Management’s holdings in Booking were worth $571,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Optimist Retirement Group LLC boosted its position in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of Booking by 2.0% in the 3rd quarter. Dunhill Financial LLC now owns 155 shares of the business services provider’s stock worth $654,000 after buying an additional 3 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in Booking by 7.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after buying an additional 3 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Booking by 4.9% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock worth $318,000 after buying an additional 3 shares during the last quarter. Finally, Marcum Wealth LLC boosted its stake in Booking by 3.5% in the fourth quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Baird R W raised Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets increased their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Wedbush upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Bank of America lifted their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler reissued a “neutral” rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

BKNG stock opened at $4,777.91 on Wednesday. The business’s 50 day moving average price is $4,788.50 and its two-hundred day moving average price is $4,721.16. The company has a market capitalization of $156.79 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.18 billion. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is currently 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.