Inceptionr LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 352 shares of the business services provider's stock, valued at approximately $1,749,000.
A number of other large investors have also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at approximately $25,000. Promus Capital LLC acquired a new position in Booking in the fourth quarter valued at approximately $35,000. Valley National Advisers Inc. lifted its holdings in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after acquiring an additional 6 shares during the period. Finally, Addison Advisors LLC lifted its holdings in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Trading Down 0.5 %
BKNG traded down $22.59 during mid-day trading on Friday, hitting $4,673.38. 296,899 shares of the stock were exchanged, compared to its average volume of 279,607. The firm's fifty day moving average is $4,872.56 and its two-hundred day moving average is $4,662.88. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a market cap of $153.36 billion, a PE ratio of 27.01, a PEG ratio of 1.71 and a beta of 1.40.
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 (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.82%. Booking's dividend payout ratio is presently 22.19%.
Analysts Set New Price Targets
A number of research analysts have issued reports on BKNG shares. B. Riley boosted their price target on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Bank of America boosted their price target on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on Booking from $5,575.00 to $5,750.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Citigroup boosted their price target on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company upped their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.
Check Out Our Latest Stock 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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