Tiemann Investment Advisors LLC Invests $248,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Tiemann Investment Advisors LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50 shares of the business services provider’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Booking by 26.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,567 shares of the business services provider’s stock worth $42,565,000 after buying an additional 1,815 shares during the period. Main Street Research LLC raised its holdings in shares of Booking by 2.4% in the fourth quarter. Main Street Research LLC now owns 8,204 shares of the business services provider’s stock valued at $40,761,000 after acquiring an additional 189 shares in the last quarter. Simplicity Wealth LLC lifted its stake in Booking by 11.9% in the fourth quarter. Simplicity Wealth LLC now owns 179 shares of the business services provider’s stock worth $889,000 after acquiring an additional 19 shares during the period. AlphaQuest LLC grew its holdings in Booking by 5.5% during the 4th quarter. AlphaQuest LLC now owns 270 shares of the business services provider’s stock worth $1,341,000 after acquiring an additional 14 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in Booking by 11.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 3,098 shares of the business services provider’s stock valued at $15,392,000 after purchasing an additional 322 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $4,673.38 on Monday. The stock has a market cap of $153.36 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The firm has a fifty day moving average price of $4,872.56 and a 200 day moving average price of $4,662.88. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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 business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business 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 $9.60 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. Booking’s payout ratio is presently 22.19%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th. Tigress Financial increased their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. B. Riley boosted their price target 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. Wells Fargo & Company raised their price objective on Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.