Candriam S.C.A. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,528 shares of the business services provider's stock after selling 1,012 shares during the period. Candriam S.C.A.'s holdings in Booking were worth $72,181,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of BKNG. Vestmark Advisory Solutions Inc. increased its holdings in Booking by 36.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 93 shares of the business services provider's stock worth $462,000 after acquiring an additional 25 shares during the period. Freestone Capital Holdings LLC increased its holdings in Booking by 9.1% during the 4th quarter. Freestone Capital Holdings LLC now owns 192 shares of the business services provider's stock worth $954,000 after acquiring an additional 16 shares during the period. Lindbrook Capital LLC increased its holdings in Booking by 17.6% during the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the business services provider's stock worth $397,000 after acquiring an additional 12 shares during the period. Inceptionr LLC bought a new stake in Booking during the 4th quarter worth approximately $1,749,000. Finally, Promus Capital LLC bought a new stake in Booking during the 4th quarter worth approximately $35,000. Institutional investors own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on BKNG shares. Oppenheimer boosted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Wedbush boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Piper Sandler reissued a "neutral" rating and issued a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Barclays upped their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Nine 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.
Check Out Our Latest Report on BKNG
Booking Price Performance
Shares of Booking stock traded down $22.59 on Friday, reaching $4,673.38. 296,899 shares of the company were exchanged, compared to its average volume of 279,607. The stock's 50 day moving average price is $4,872.56 and its 200-day moving average price is $4,662.88. The company has a market cap of $153.36 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last issued 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 company had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio is 22.19%.
Booking Profile
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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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