Envestnet Portfolio Solutions Inc. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 883 shares of the business services provider's stock after selling 171 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Booking were worth $4,387,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter valued at $25,000. Valley National Advisers Inc. boosted its holdings in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after buying an additional 6 shares in the last quarter. Promus Capital LLC purchased a new position in shares of Booking in the 4th quarter valued at $35,000. Finally, Roxbury Financial LLC acquired a new stake in Booking during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Up 0.6 %
Shares of Booking stock traded up $28.23 on Friday, hitting $4,617.26. The company's stock had a trading volume of 574,374 shares, compared to its average volume of 232,504. The firm has a fifty day moving average price of $4,789.60 and a 200-day moving average price of $4,694.74. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market capitalization of $151.52 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.
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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.18 billion. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio is currently 22.19%.
Analyst Ratings Changes
Several brokerages have issued reports on BKNG. Royal Bank of Canada raised their price objective on Booking from $5,250.00 to $5,900.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. B. Riley raised their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Oppenheimer lifted their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. UBS Group increased their price objective on Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Mizuho raised their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5,370.43.
View Our Latest Report on BKNG
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.
Read More
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
