SRS Capital Advisors Inc. Buys 50 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

SRS Capital Advisors Inc. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 111.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95 shares of the business services provider’s stock after purchasing an additional 50 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Booking were worth $472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Proficio Capital Partners LLC lifted its position in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC raised its holdings in shares of Booking by 3,940.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock valued at $190,926,000 after acquiring an additional 37,477 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Booking during the third quarter valued at approximately $155,427,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $162.31 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. The business’s fifty day moving average is $4,896.45 and its 200 day moving average is $4,631.73.

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, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently announced 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 is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.78%. Booking’s dividend payout ratio is currently 22.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BKNG shares. B. Riley upped their target price on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. Tigress Financial upped their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, DA Davidson upped their target price on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.