HUB Investment Partners LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62 shares of the business services provider's stock, valued at approximately $308,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its stake in Booking by 88.8% during the third quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider's stock valued at $708,000 after buying an additional 79 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Booking by 18.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 816 shares of the business services provider's stock valued at $3,436,000 after acquiring an additional 125 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Booking by 3.6% in the 3rd quarter. King Luther Capital Management Corp now owns 4,726 shares of the business services provider's stock worth $19,906,000 after purchasing an additional 166 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Booking during the 3rd quarter worth approximately $2,338,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in Booking by 4.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,315 shares of the business services provider's stock valued at $5,539,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Price Performance
Shares of NASDAQ BKNG traded down $13.75 during mid-day trading on Wednesday, hitting $4,764.16. The company had a trading volume of 179,293 shares, compared to its average volume of 232,679. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market cap of $156.34 billion, a P/E ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40. The business's 50-day simple moving average is $4,788.50 and its 200-day simple moving average is $4,721.16.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is 22.19%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on BKNG. B. Riley raised 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. Baird R W upgraded Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. UBS Group upped their target price on Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a report on Friday, February 21st. Oppenheimer increased their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.
View Our Latest Stock Analysis on BKNG
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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