CenterBook Partners LP boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 98.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,579 shares of the business services provider's stock after acquiring an additional 2,774 shares during the quarter. Booking comprises about 1.7% of CenterBook Partners LP's investment portfolio, making the stock its 4th biggest holding. CenterBook Partners LP's holdings in Booking were worth $27,719,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new stake in Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the 4th quarter worth $30,000. Finally, Promus Capital LLC bought a new position in shares of Booking in the fourth quarter worth about $35,000. Institutional investors own 92.42% of the company's stock.
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $14.99 during midday trading on Monday, reaching $4,571.54. The company's stock had a trading volume of 103,098 shares, compared to its average volume of 247,844. The firm has a 50 day moving average price of $4,715.54 and a two-hundred day moving average price of $4,769.51. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market capitalization of $150.02 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. As a group, research analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $9.60 per share. This is a positive change from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio (DPR) is 22.19%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on BKNG shares. JMP Securities decreased their target price on 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. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. UBS Group boosted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a report 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 report on Friday, April 4th. Finally, Citigroup lifted their price target on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,327.28.
Get Our Latest Stock Analysis on BKNG
Booking 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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