Sigma Planning Corp Buys 3 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sigma Planning Corp raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138 shares of the business services provider’s stock after acquiring an additional 3 shares during the period. Sigma Planning Corp’s holdings in Booking were worth $686,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the fourth quarter worth $25,000. Valley National Advisers Inc. boosted its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Booking during the fourth quarter worth $42,000. Finally, Addison Advisors LLC increased its stake in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Up 0.0 %

NASDAQ BKNG opened at $5,034.55 on Thursday. The business’s fifty day moving average is $4,900.68 and its 200 day moving average is $4,594.68. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a market cap of $165.18 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.18 billion. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal 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 dividend of $9.60 per share. 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. This represents a $38.40 annualized dividend and a yield of 0.76%. Booking’s dividend payout ratio (DPR) is presently 20.23%.

Analysts Set New Price Targets

BKNG has been the topic of a number of research analyst reports. Morgan Stanley increased 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. The Goldman Sachs Group increased their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, B. Riley boosted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty 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 presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.