Poinciana Advisors Group LLC Purchases Shares of 65 Booking Holdings Inc. (NASDAQ:BKNG)

Poinciana Advisors Group LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 65 shares of the business services provider’s stock, valued at approximately $324,000.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC lifted its stake 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 buying an additional 864,406 shares during the period. Icon Wealth Advisors LLC lifted its stake 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 buying an additional 233,052 shares during the period. Empirical Asset Management LLC acquired a new position in Booking in the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC lifted its stake in Booking by 3,940.8% in 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 buying an additional 37,477 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in Booking in the third quarter valued at approximately $155,427,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

BKNG stock opened at $4,465.48 on Friday. The company has a market capitalization of $146.53 billion, a price-to-earnings ratio of 25.81, a PEG 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. The stock has a fifty day moving average of $4,816.74 and a 200-day moving average of $4,671.52.

Booking (NASDAQ:BKNG) last posted its quarterly 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 company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Equities analysts predict 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. Stockholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. 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 annualized dividend and a dividend yield of 0.86%. Booking’s dividend payout ratio is presently 22.19%.

Analyst Ratings Changes

Several brokerages have issued reports on BKNG. Citigroup boosted their price target on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their target price on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Oppenheimer upped their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Baird R W raised Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.