Kane Investment Management Inc. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 335 shares of the business services provider's stock, valued at approximately $1,665,000. Booking makes up about 0.9% of Kane Investment Management Inc.'s investment portfolio, making the stock its 24th largest position.
A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. Proficio Capital Partners LLC grew its holdings in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC increased its holdings in Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after acquiring an additional 6,009 shares in the last quarter. Norges Bank acquired a new position in Booking during the fourth quarter worth about $1,958,352,000. Sanders Capital LLC lifted its holdings in shares of Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock valued at $1,416,318,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after purchasing an additional 95,308 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a report on Friday, April 4th. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their target price on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JMP Securities decreased their price target on shares of Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com downgraded shares of Booking from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Eleven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,278.66.
Check Out Our Latest Stock Report on Booking
Booking Trading Up 0.7 %
NASDAQ:BKNG traded up $32.47 on Friday, reaching $4,573.31. The stock had a trading volume of 216,763 shares, compared to its average volume of 248,864. The company has a 50-day moving average of $4,695.61 and a 200 day moving average of $4,771.47. The stock has a market cap of $150.07 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.
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 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%. On average, equities analysts predict 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 issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's payout ratio is 22.19%.
About Booking
(
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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