KLP Kapitalforvaltning AS Acquires Shares of 14,113 Booking Holdings Inc. (NASDAQ:BKNG)

KLP Kapitalforvaltning AS purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,113 shares of the business services provider's stock, valued at approximately $70,119,000.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its holdings in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after buying an additional 864,406 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after acquiring an additional 233,052 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Booking during the 4th quarter worth $207,089,000. Bryn Mawr Capital Management LLC grew 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 period. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Booking in the third quarter valued at about $155,427,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKNG has been the topic of several recent analyst reports. Robert W. Baird began coverage on shares of Booking in a research report on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 target price on the stock. Baird R W raised Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Benchmark boosted their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company raised their price target on Booking from $4,470.00 to $5,248.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.

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Booking Stock Down 0.3 %

Shares of NASDAQ BKNG traded down $13.75 during midday trading on Wednesday, hitting $4,764.16. The stock had a trading volume of 179,293 shares, compared to its average volume of 232,511. The company has a fifty day moving average price of $4,787.19 and a 200 day moving average price of $4,721.46. The company has a market capitalization of $156.34 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 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.