Teacher Retirement System of Texas Has $128.07 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Teacher Retirement System of Texas lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 234.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,776 shares of the business services provider's stock after acquiring an additional 18,077 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Booking worth $128,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BKNG. Proficio Capital Partners LLC boosted its stake in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. Empirical Asset Management LLC acquired a new position in Booking during the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC raised its position in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider's stock valued at $190,926,000 after purchasing an additional 37,477 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Booking in the third quarter worth $155,427,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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Booking Trading Up 2.0 %

NASDAQ BKNG traded up $92.46 during trading hours on Monday, reaching $4,709.72. 232,020 shares of the company's stock were exchanged, compared to its average volume of 232,611. The firm has a fifty day moving average of $4,789.60 and a 200-day moving average of $4,707.25. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market cap of $154.55 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.18 billion. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date of this dividend 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 0.82%. Booking's payout ratio is currently 22.19%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BKNG shares. Benchmark lifted their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Baird R W upgraded Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their target price on Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a report on Friday, February 21st. UBS Group upped their price target on Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Citigroup raised their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.

Booking 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.