APG Asset Management N.V. Grows Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

APG Asset Management N.V. boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,193 shares of the business services provider's stock after purchasing an additional 81 shares during the quarter. APG Asset Management N.V.'s holdings in Booking were worth $15,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking during the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking in the fourth quarter worth $30,000. Finally, Promus Capital LLC purchased a new position in Booking during the fourth quarter worth $35,000. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.6 %

Shares of BKNG stock traded down $29.69 during mid-day trading on Monday, hitting $4,556.84. 288,049 shares of the stock were exchanged, compared to its average volume of 248,554. The company has a market cap of $149.53 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a fifty day moving average of $4,715.54 and a 200 day moving average of $4,769.51.

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Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. Booking's payout ratio is currently 22.19%.

Analyst Upgrades and Downgrades

BKNG has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research report on Friday, April 4th. Wells Fargo & Company lowered their target price on shares of Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Benchmark lifted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,327.28.

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.