Ossiam Has $11.53 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Ossiam grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 149.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,321 shares of the business services provider's stock after purchasing an additional 1,390 shares during the quarter. Ossiam's holdings in Booking were worth $11,532,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

BKNG has been the subject of several research analyst reports. UBS Group upped their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald decreased their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. B. Riley lifted their price target on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities cut their price objective on Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $5,120.00 target price (up from $4,900.00) on shares of Booking 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5,278.66.

Booking Stock Up 2.1 %

BKNG stock traded up $100.80 during trading hours on Thursday, hitting $4,831.83. The company's stock had a trading volume of 131,305 shares, compared to its average volume of 249,222. The stock has a 50 day moving average price of $4,663.04 and a two-hundred day moving average price of $4,784.04. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market capitalization of $158.56 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. This is a positive change from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 7th. 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.