OneDigital Investment Advisors LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 647 shares of the business services provider's stock after selling 130 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Booking were worth $3,215,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new stake in shares of Booking during the 4th quarter worth $35,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on BKNG. Wedbush raised their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Benchmark lifted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Piper Sandler reissued a "neutral" rating and issued a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average price target of $5,278.66.
Check Out Our Latest Report on Booking
Booking Stock Up 3.6 %
NASDAQ BKNG opened at $4,598.08 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business has a 50 day moving average price of $4,669.30 and a two-hundred day moving average price of $4,784.40. The stock has a market cap of $150.89 billion, a PE ratio of 26.57, a P/E/G ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly 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. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is 22.19%.
Booking Company 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.
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