Bridgewater Associates LP raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,609 shares of the business services provider's stock after acquiring an additional 1,067 shares during the period. Booking comprises 0.7% of Bridgewater Associates LP's portfolio, making the stock its 21st biggest position. Bridgewater Associates LP owned about 0.10% of Booking worth $157,047,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Passumpsic Savings Bank raised its holdings in Booking by 2.6% during the third quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider's stock worth $2,944,000 after acquiring an additional 18 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Booking by 268.5% during the 3rd quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider's stock worth $10,147,000 after purchasing an additional 1,756 shares in the last quarter. World Investment Advisors LLC raised its stake in shares of Booking by 3,561.9% during the 3rd quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider's stock worth $12,955,000 after purchasing an additional 2,992 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Booking by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider's stock valued at $6,529,000 after buying an additional 335 shares during the last quarter. Finally, Inspire Trust Co. N.A. grew its stake in shares of Booking by 404.4% in the third quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider's stock valued at $1,933,000 after buying an additional 368 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on BKNG. Barclays upped their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup raised 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. Piper Sandler reissued a "neutral" rating and set a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Cantor Fitzgerald dropped their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, B. Riley lifted their target price 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. Eleven investment 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. According to data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,278.66.
Read Our Latest Report on BKNG
Booking Stock Performance
Shares of Booking stock traded up $32.47 on Friday, reaching $4,573.31. 216,763 shares of the stock were exchanged, compared to its average volume of 248,864. The firm's 50 day moving average is $4,695.61 and its 200-day moving average is $4,771.47. The firm has a market cap of $150.07 billion, a PE ratio of 26.43, a P/E/G ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last issued its 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $9.60 dividend. 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 boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio 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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