Mizuho Securities USA LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 44.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,137 shares of the business services provider's stock after purchasing an additional 963 shares during the quarter. Mizuho Securities USA LLC's holdings in Booking were worth $15,586,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Booking in the fourth quarter worth $2,494,000. Sciencast Management LP acquired a new position in shares of Booking during the fourth quarter valued at approximately $2,549,000. Summit Global Investments increased its stake in shares of Booking by 90.9% during the fourth quarter. Summit Global Investments now owns 695 shares of the business services provider's stock valued at $3,455,000 after acquiring an additional 331 shares during the period. Millstone Evans Group LLC bought a new stake in Booking during the fourth quarter worth approximately $383,000. Finally, TD Private Client Wealth LLC boosted its stake in Booking by 1.5% during the 4th quarter. TD Private Client Wealth LLC now owns 348 shares of the business services provider's stock valued at $1,729,000 after purchasing an additional 5 shares in the last quarter. Institutional investors own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 price objective for the company. BMO Capital Markets increased their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. UBS Group upped their price target 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 raised their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company boosted their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5,370.43.
View Our Latest Research Report on BKNG
Booking Stock Performance
Shares of NASDAQ:BKNG traded down $13.75 during midday trading on Wednesday, hitting $4,764.16. The company's stock had a trading volume of 179,293 shares, compared to its average volume of 232,511. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock 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. The stock'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 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The business 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%. As a group, analysts anticipate 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 paid a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.81%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 22.19%.
Booking Company Profile
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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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