Martingale Asset Management L P Has $1.14 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Martingale Asset Management L P lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229 shares of the business services provider's stock after selling 125 shares during the quarter. Martingale Asset Management L P's holdings in Booking were worth $1,138,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. grew its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Benchmark upped their price target on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley increased their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, B. Riley lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,327.28.

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Booking Trading Down 0.6 %

Shares of BKNG traded down $29.69 during mid-day trading on Monday, reaching $4,556.84. The company's stock had a trading volume of 288,049 shares, compared to its average volume of 248,554. The stock has a market cap of $149.53 billion, a P/E ratio of 26.33, a PEG ratio of 1.71 and a beta of 1.37. 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 $4,712.69 and a two-hundred day simple moving average of $4,771.67.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Research analysts anticipate 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. Investors of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date was Friday, March 7th. This is an increase from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.84%. Booking's payout ratio is 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.