Enhancing Capital LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 102 shares of the business services provider's stock, valued at approximately $507,000.
Other large investors have also bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. increased 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 buying an additional 264 shares during the last quarter. Nordea Investment Management AB increased its position in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock worth $896,455,000 after buying an additional 8,735 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after buying an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after buying an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after buying an additional 2,010 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BKNG. Cfra raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Barclays lifted their price target on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Oppenheimer lifted their price target on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Morgan Stanley lifted their price target on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Cantor Fitzgerald lifted their price target on Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Eleven equities 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. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.
View Our Latest Stock Analysis on Booking
Booking Price Performance
BKNG stock traded up $28.23 during mid-day trading on Friday, hitting $4,617.26. 574,374 shares of the stock were exchanged, compared to its average volume of 232,504. The business 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 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market capitalization of $151.52 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.71 and a beta of 1.40.
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. 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 during the quarter, compared to analyst estimates of $5.18 billion. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, March 7th. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 22.19%.
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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