RiverPark Advisors LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 801 shares of the business services provider's stock after selling 75 shares during the period. Booking accounts for approximately 2.8% of RiverPark Advisors LLC's holdings, making the stock its 11th biggest position. RiverPark Advisors LLC's holdings in Booking were worth $3,980,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Proficio Capital Partners LLC grew its stake in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Booking by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after purchasing an additional 6,009 shares in the last quarter. Norges Bank bought a new stake in shares of Booking in the fourth quarter worth about $1,958,352,000. Sanders Capital LLC lifted its position in shares of Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after buying an additional 3,926 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 worth $1,394,283,000 after buying an additional 95,308 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Booking Trading Up 0.2 %
Shares of Booking stock traded up $10.47 on Friday, hitting $4,838.44. 189,557 shares of the company traded hands, compared to its average volume of 250,611. The company has a market cap of $157.93 billion, a PE ratio of 27.96, a PEG ratio of 1.71 and a beta of 1.37. The stock's 50 day moving average price is $4,652.64 and its 200-day moving average price is $4,796.23. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results 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, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.79%. This is a boost from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio is presently 22.19%.
Analyst Ratings Changes
A number of analysts have issued reports on BKNG shares. UBS Group lifted their price objective on Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Piper Sandler restated a "neutral" rating and issued a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price objective 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. Finally, StockNews.com cut shares of Booking from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,278.66.
Read Our Latest Report on BKNG
Booking Company Profile
(
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.
Further Reading
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