Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by First Foundation Advisors

First Foundation Advisors raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 955 shares of the business services provider's stock after acquiring an additional 119 shares during the quarter. First Foundation Advisors' holdings in Booking were worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BKNG. Proficio Capital Partners LLC grew its holdings in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the period. Norges Bank bought a new position in shares of Booking during the 4th quarter valued at approximately $1,958,352,000. Arrowstreet Capital Limited Partnership increased its holdings in Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after acquiring an additional 95,308 shares in the last quarter. Winslow Capital Management LLC raised its stake in Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after acquiring an additional 50,605 shares during the period. Finally, Empirical Asset Management LLC purchased a new position in Booking during the fourth quarter valued at approximately $207,089,000. Institutional investors own 92.42% of the company's stock.

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Booking Trading Up 0.7 %

Booking stock traded up $33.99 during mid-day trading on Tuesday, hitting $4,590.83. The company had a trading volume of 113,047 shares, compared to its average volume of 248,029. The company has a market capitalization of $150.65 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company's fifty day moving average is $4,712.69 and its 200-day moving average is $4,771.67.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, sell-side 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. Stockholders of record on Friday, March 7th were given a dividend of $9.60 per share. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. Booking's dividend payout ratio (DPR) is 22.19%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group increased their target price on Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Piper Sandler reissued a "neutral" rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Finally, Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Eleven investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $5,327.28.

Booking Company Profile

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.