Shelton Capital Management lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,182 shares of the business services provider's stock after selling 578 shares during the period. Booking makes up approximately 0.6% of Shelton Capital Management's portfolio, making the stock its 24th biggest holding. Shelton Capital Management's holdings in Booking were worth $25,746,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. EWA LLC raised its holdings in shares of Booking by 5.3% in the 3rd quarter. EWA LLC now owns 120 shares of the business services provider's stock worth $505,000 after purchasing an additional 6 shares during the period. Drucker Wealth 3.0 LLC raised its holdings in Booking by 1.2% in the third quarter. Drucker Wealth 3.0 LLC now owns 917 shares of the business services provider's stock valued at $3,863,000 after buying an additional 11 shares during the period. Conway Capital Management Inc. acquired a new position in Booking during the third quarter valued at approximately $577,000. Foyston Gordon & Payne Inc grew its stake in Booking by 2.0% during the third quarter. Foyston Gordon & Payne Inc now owns 2,939 shares of the business services provider's stock worth $12,379,000 after buying an additional 57 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock worth $3,350,605,000 after acquiring an additional 11,211 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Up 2.0 %
NASDAQ BKNG traded up $91.89 on Friday, reaching $4,586.53. 304,917 shares of the stock traded hands, compared to its average volume of 248,388. 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 $150.51 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 1.71 and a beta of 1.37. The firm's fifty day simple moving average is $4,715.54 and its 200 day simple moving average is $4,769.51.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly 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. The firm had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's payout ratio is presently 22.19%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BKNG shares. Barclays increased their price target on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. StockNews.com cut Booking from a "buy" rating to a "hold" rating in a report on Thursday. Piper Sandler reiterated a "neutral" rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. B. Riley upped their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company dropped their price target on shares of Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Eleven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,327.28.
Check Out Our Latest Report on Booking
Booking Profile
(
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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