Anchor Investment Management LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 604 shares of the business services provider's stock after buying an additional 141 shares during the quarter. Anchor Investment Management LLC's holdings in Booking were worth $3,001,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in shares of 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 worth $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Norges Bank bought a new position in Booking in the fourth quarter valued at approximately $1,958,352,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after buying an additional 95,308 shares during the period. Winslow Capital Management LLC raised its holdings in shares of Booking by 132.7% during the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after acquiring an additional 50,605 shares during the period. Finally, Empirical Asset Management LLC bought a new stake in Booking in the 4th quarter valued at $207,089,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a report on Friday, February 21st. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a report on Friday, April 4th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. JMP Securities decreased their price objective on Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,278.66.
Check Out Our Latest Analysis on BKNG
Booking Price Performance
Shares of Booking stock traded up $32.47 during trading hours on Friday, reaching $4,573.31. The company had a trading volume of 216,763 shares, compared to its average volume of 248,864. The business has a fifty day simple moving average of $4,695.61 and a 200 day simple moving average of $4,771.47. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market cap of $150.07 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, research analysts forecast 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.84%. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is 22.19%.
About Booking
(
Free Report)
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.
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