Summit Global Investments boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 90.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 695 shares of the business services provider's stock after acquiring an additional 331 shares during the quarter. Summit Global Investments' holdings in Booking were worth $3,455,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc increased its holdings in shares of Booking by 88.8% in the third quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider's stock valued at $708,000 after purchasing an additional 79 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Booking by 18.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 816 shares of the business services provider's stock valued at $3,436,000 after buying an additional 125 shares during the period. King Luther Capital Management Corp raised its position in shares of Booking by 3.6% during the third quarter. King Luther Capital Management Corp now owns 4,726 shares of the business services provider's stock worth $19,906,000 after acquiring an additional 166 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Booking during the third quarter worth $2,338,000. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Booking by 4.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,315 shares of the business services provider's stock valued at $5,539,000 after acquiring an additional 60 shares during the period. Institutional investors own 92.42% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on BKNG. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. UBS Group boosted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Robert W. Baird started coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 price objective on the stock. Benchmark upped their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Piper Sandler restated a "neutral" rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $5,370.43.
Check Out Our Latest Analysis on Booking
Booking Price Performance
BKNG stock traded down $13.75 during trading hours on Wednesday, reaching $4,764.16. 179,293 shares of the stock were exchanged, compared to its average volume of 232,679. The firm's 50-day moving average is $4,788.50 and its 200-day moving average is $4,721.16. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market cap of $156.34 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40.
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, 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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.81%. Booking's dividend payout ratio (DPR) 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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