Harvest Fund Management Co. Ltd Acquires 602 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Harvest Fund Management Co. Ltd boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 29.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,675 shares of the business services provider's stock after purchasing an additional 602 shares during the quarter. Booking accounts for about 0.6% of Harvest Fund Management Co. Ltd's portfolio, making the stock its 27th largest holding. Harvest Fund Management Co. Ltd's holdings in Booking were worth $13,297,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp lifted its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC raised its holdings in shares of Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock worth $383,000 after acquiring an additional 2 shares during the last quarter. Raymond James Trust N.A. lifted its position in Booking by 0.5% in the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider's stock valued at $2,788,000 after acquiring an additional 3 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in Booking by 1.3% during the 3rd quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider's stock valued at $989,000 after purchasing an additional 3 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in Booking by 1.9% during the 3rd quarter. Crewe Advisors LLC now owns 160 shares of the business services provider's stock worth $674,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 target price on the stock. Cantor Fitzgerald raised their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. DA Davidson lifted their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Piper Sandler reissued a "neutral" rating and set a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Finally, Bank of America upped their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,370.43.

Booking Stock Performance

Booking stock traded up $28.23 during mid-day trading on Friday, reaching $4,617.26. The company's stock had a trading volume of 574,374 shares, compared to its average volume of 232,613. The company has a market capitalization of $151.52 billion, a P/E ratio of 26.68, 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. The firm's fifty day moving average price is $4,789.60 and its two-hundred day moving average price is $4,700.90.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating 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 company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. 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. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. Booking's dividend payout ratio is presently 22.19%.

Booking 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.