Booking Holdings Inc. (NASDAQ:BKNG) is Totem Point Management LLC's 4th Largest Position

Totem Point Management LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 76.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,907 shares of the business services provider's stock after purchasing an additional 826 shares during the quarter. Booking makes up 10.0% of Totem Point Management LLC's holdings, making the stock its 4th largest position. Totem Point Management LLC's holdings in Booking were worth $9,475,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the fourth quarter worth approximately $30,000. Finally, Promus Capital LLC purchased a new stake in shares of Booking during the fourth quarter worth approximately $35,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BKNG shares. BMO Capital Markets lifted their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Cantor Fitzgerald lowered their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. JMP Securities cut their price objective on shares of 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. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,278.66.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,598.08 on Wednesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The stock has a market cap of $150.89 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.71 and a beta of 1.37. The firm has a fifty day moving average price of $4,669.30 and a 200 day moving average price of $4,784.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

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

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.

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