Haven Private LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 62 shares of the business services provider's stock, valued at approximately $308,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $207,089,000. Bryn Mawr Capital Management LLC boosted its stake in shares of Booking by 3,940.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider's stock worth $190,926,000 after purchasing an additional 37,477 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Booking during the 3rd quarter worth about $155,427,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Booking Trading Down 0.5 %
NASDAQ:BKNG traded down $22.59 during trading hours on Friday, hitting $4,673.38. The stock had a trading volume of 296,899 shares, compared to its average volume of 279,607. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a 50 day simple moving average of $4,872.56 and a two-hundred day simple moving average of $4,656.42. The company has a market cap of $153.36 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $5.18 billion. Research analysts expect 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 given a dividend of $9.60 per share. 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 0.82%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is presently 22.19%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on BKNG. Tigress Financial raised their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research note on Monday, November 18th. Piper Sandler reaffirmed a "neutral" rating and set a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. B. Riley increased their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Royal Bank of Canada increased their price objective on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.
Read Our Latest Analysis on Booking
Booking Company 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.
Further Reading
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
