ProVise Management Group LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,034 shares of the business services provider's stock after selling 108 shares during the quarter. Booking makes up 1.3% of ProVise Management Group LLC's holdings, making the stock its 24th largest holding. ProVise Management Group LLC's holdings in Booking were worth $15,074,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the fourth quarter valued at about $25,000. Promus Capital LLC purchased a new stake in Booking in the fourth quarter valued at about $35,000. Valley National Advisers Inc. raised its stake 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 buying an additional 6 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Booking in the fourth quarter valued at about $42,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BKNG has been the subject of a number of research analyst reports. Robert W. Baird initiated coverage on Booking in a research note on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 price target for the company. JPMorgan Chase & Co. increased their price target on Booking from $5,575.00 to $5,750.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Piper Sandler reiterated a "neutral" rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Cantor Fitzgerald increased their price target on Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Finally, Wedbush raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.
Check Out Our Latest Research Report on BKNG
Booking Stock Up 0.6 %
Shares of NASDAQ BKNG traded up $28.23 during midday trading on Friday, hitting $4,617.26. The stock had a trading volume of 574,374 shares, compared to its average volume of 232,613. The company has a market capitalization of $151.52 billion, a PE ratio of 26.68, a P/E/G ratio of 1.71 and a beta of 1.40. The stock has a 50 day simple moving average of $4,789.60 and a 200-day simple moving average of $4,700.90. 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 earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating 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 negative return on equity of 159.34% and a net margin of 24.78%. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is 22.19%.
Booking 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.
Further Reading
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