DRW Securities LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100 shares of the business services provider's stock, valued at approximately $497,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Mogy Joel R Investment Counsel Inc. grew its position in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock worth $9,321,000 after acquiring an additional 264 shares in the last quarter. Nordea Investment Management AB grew its position in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock valued at $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after acquiring an additional 153 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after acquiring an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after purchasing an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on BKNG. BMO Capital Markets increased their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. DA Davidson boosted their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Piper Sandler reissued a "neutral" rating and set a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus price target of $5,327.28.
Check Out Our Latest Analysis on Booking
Booking Trading Down 0.6 %
NASDAQ:BKNG traded down $29.69 during trading hours on Monday, hitting $4,556.84. 288,049 shares of the company traded hands, compared to its average volume of 248,554. The stock has a market capitalization of $149.53 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 1.71 and a beta of 1.37. The firm has a 50-day moving average of $4,715.54 and a 200 day moving average of $4,769.51. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.
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, beating the consensus estimate 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 analyst estimates of $5.18 billion. Equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is presently 22.19%.
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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