GM Advisory Group LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 73.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130 shares of the business services provider's stock after buying an additional 55 shares during the quarter. GM Advisory Group LLC's holdings in Booking were worth $648,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the fourth quarter valued at $25,000. Valley National Advisers Inc. raised its position in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Promus Capital LLC acquired a new stake in Booking in the fourth quarter valued at $35,000. Finally, Roxbury Financial LLC bought a new position in shares of Booking in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Performance
Shares of Booking stock traded up $92.46 during midday trading on Monday, hitting $4,709.72. 232,020 shares of the company traded hands, compared to its average volume of 232,611. The firm's fifty day moving average price is $4,789.60 and its 200-day moving average price is $4,707.25. The stock has a market cap of $154.55 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking's dividend payout ratio (DPR) is presently 22.19%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on BKNG. Mizuho boosted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Benchmark boosted their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price objective for the company. StockNews.com lowered shares of Booking from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, UBS Group upped their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5,370.43.
View Our Latest Research Report on BKNG
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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