Townsquare Capital LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,731 shares of the business services provider's stock after selling 887 shares during the quarter. Townsquare Capital LLC's holdings in Booking were worth $18,542,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of BKNG. Crux Wealth Advisors acquired a new stake in shares of Booking in the fourth quarter worth $1,689,000. Petros Family Wealth LLC acquired a new position in Booking during the 4th quarter worth $368,000. Sterling Capital Management LLC boosted its holdings in Booking by 27.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,631 shares of the business services provider's stock valued at $8,103,000 after acquiring an additional 349 shares during the period. KDK Private Wealth Management LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $258,000. Finally, Covestor Ltd increased its stake in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on BKNG shares. Cantor Fitzgerald increased their target price on Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Wedbush boosted their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Citigroup upped their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, JMP Securities decreased their price target on shares of Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating on the stock in a research report on Wednesday, April 9th. Eleven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,327.28.
View Our Latest Analysis on Booking
Booking Trading Up 0.6 %
NASDAQ BKNG traded up $29.08 during trading hours on Tuesday, reaching $4,585.92. 13,308 shares of the company's stock were exchanged, compared to its average volume of 247,669. The firm has a fifty day moving average of $4,712.69 and a 200-day moving average of $4,771.67. 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 $150.49 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping 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 net margin of 24.78% and a negative return on equity of 159.34%. 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is currently 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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