Geo Capital Gestora de Recursos Ltd decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 624 shares of the business services provider's stock after selling 1,075 shares during the quarter. Booking makes up approximately 4.0% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 10th biggest position. Geo Capital Gestora de Recursos Ltd's holdings in Booking were worth $3,100,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Booking by 621,874.8% in the fourth 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 during the period. Icon Wealth Advisors LLC raised its holdings in Booking by 342,723.5% during the 3rd 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 last quarter. Empirical Asset Management LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $207,089,000. Bryn Mawr Capital Management LLC boosted its position in shares of Booking by 3,940.8% during the 4th 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 in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in Booking during the third quarter worth approximately $155,427,000. Institutional investors own 92.42% of the company's stock.
Booking Stock Performance
BKNG stock traded down $13.75 during mid-day trading on Wednesday, hitting $4,764.16. The company had a trading volume of 179,293 shares, compared to its average volume of 232,511. The firm has a market cap of $156.34 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock's fifty day moving average price is $4,788.50 and its two-hundred day moving average price is $4,721.16.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Equities analysts anticipate 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. Shareholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. 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 annualized dividend and a yield of 0.81%. Booking's dividend payout ratio is 22.19%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Benchmark boosted their price target on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Citigroup increased their target price 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. 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 target for the company. JMP Securities reissued a "market outperform" rating and set a $5,400.00 price objective on shares of Booking in a research report on Wednesday, December 11th. Finally, Morgan Stanley boosted their target price on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.
Read Our Latest Stock Analysis on Booking
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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