Greenland Capital Management LP lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,785 shares of the business services provider's stock after selling 960 shares during the period. Booking comprises approximately 1.4% of Greenland Capital Management LP's holdings, making the stock its 15th largest position. Greenland Capital Management LP's holdings in Booking were worth $8,869,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking during the 4th quarter valued at about $30,000. Finally, Valley National Advisers Inc. grew its position in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Performance
Booking stock traded up $91.89 during trading hours on Friday, hitting $4,586.53. The company had a trading volume of 304,917 shares, compared to its average volume of 248,388. The firm has a market cap of $150.51 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.71 and a beta of 1.37. The company 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 1 year low of $3,180.00 and a 1 year high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $9.60 per share. The ex-dividend date was Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is currently 22.19%.
Analyst Upgrades and Downgrades
BKNG has been the topic of a number of research analyst reports. B. Riley boosted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JMP Securities decreased their price objective on Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating on the stock in a report on Wednesday. Mizuho increased their target price on Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Morgan Stanley upped their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Eleven equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,327.28.
View Our Latest Analysis on Booking
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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