Polymer Capital Management HK LTD increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 700.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 480 shares of the business services provider's stock after buying an additional 420 shares during the quarter. Polymer Capital Management HK LTD's holdings in Booking were worth $2,385,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in Booking in the 4th quarter valued at approximately $35,000. Finally, Valley National Advisers Inc. raised its position in Booking by 600.0% in 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.
Wall Street Analyst Weigh In
Several research firms have recently commented on BKNG. Wells Fargo & Company lowered their price target on Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating for the company in a research report on Monday. Mizuho raised their target price on Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Piper Sandler reaffirmed a "neutral" rating and issued a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. DA Davidson increased their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.
Check Out Our Latest Analysis on Booking
Booking Stock Performance
Shares of BKNG stock traded up $97.92 during mid-day trading on Friday, hitting $4,592.56. 120,826 shares of the stock were exchanged, compared to its average volume of 247,364. The stock's fifty day simple moving average is $4,717.39 and its two-hundred day simple moving average is $4,763.18. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $150.70 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) 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 analysts' expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $9.60 per share. 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%. The ex-dividend date was Friday, March 7th. Booking's dividend payout ratio (DPR) is presently 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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