Flywheel Private Wealth LLC Makes New $318,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Flywheel Private Wealth LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64 shares of the business services provider’s stock, valued at approximately $318,000.

A number of other hedge funds have also recently made changes to their positions in the business. Carolina Wealth Advisors LLC boosted its stake in Booking by 200.0% in the 4th quarter. Carolina Wealth Advisors LLC now owns 39 shares of the business services provider’s stock worth $194,000 after purchasing an additional 26 shares during the period. Essex Savings Bank purchased a new position in shares of Booking in the fourth quarter worth $219,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Booking by 33.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 24 shares of the business services provider’s stock worth $119,000 after buying an additional 6 shares in the last quarter. Rockingstone Advisors LLC boosted its position in shares of Booking by 13.4% during the fourth quarter. Rockingstone Advisors LLC now owns 135 shares of the business services provider’s stock worth $671,000 after acquiring an additional 16 shares during the last quarter. Finally, Smith Anglin Financial LLC purchased a new position in Booking during the fourth quarter valued at $214,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $4,829.64 on Thursday. The company’s 50-day simple moving average is $5,057.06 and its two-hundred day simple moving average is $4,363.83. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market capitalization of $159.86 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. DA Davidson increased their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Bank of America increased their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Wedbush boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4,987.04.

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.