HBK Sorce Advisory LLC Has $706,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

HBK Sorce Advisory LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142 shares of the business services provider’s stock after buying an additional 8 shares during the period. HBK Sorce Advisory LLC’s holdings in Booking were worth $706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Geode Capital Management LLC grew its stake in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares in the last quarter. Janus Henderson Group PLC grew its stake in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Fisher Asset Management LLC grew its stake in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after acquiring an additional 11,649 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 4.0 %

Shares of BKNG stock opened at $4,465.48 on Friday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market cap of $146.53 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock has a 50 day moving average of $4,816.74 and a 200-day moving average of $4,671.52.

Booking (NASDAQ:BKNG) last issued its 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. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, equities analysts predict 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. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s dividend payout ratio is presently 22.19%.

Analyst Ratings Changes

BKNG has been the topic of several research analyst reports. Royal Bank of Canada lifted their target price on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. 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. Piper Sandler reissued a “neutral” rating and issued a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, March 4th. Nine investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.