Quantbot Technologies LP bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 502 shares of the business services provider's stock, valued at approximately $2,494,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prospera Financial Services Inc grew its stake in Booking by 88.8% in the third quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider's stock valued at $708,000 after purchasing an additional 79 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Booking by 0.5% in the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider's stock valued at $2,788,000 after buying an additional 3 shares in the last quarter. Meridian Wealth Management LLC grew its position in shares of Booking by 20.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 430 shares of the business services provider's stock worth $1,811,000 after buying an additional 72 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Booking during the 3rd quarter worth approximately $4,435,000. Finally, Stonebrook Private Inc. purchased a new stake in Booking during the third quarter valued at approximately $202,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Booking Trading Down 0.2 %
Shares of Booking stock traded down $11.36 during trading hours on Thursday, reaching $4,752.80. The stock had a trading volume of 194,019 shares, compared to its average volume of 232,390. The stock's 50 day moving average is $4,787.19 and its 200 day moving average is $4,721.46. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $155.96 billion, a PE ratio of 27.47, a PEG ratio of 1.71 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.81%. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is currently 22.19%.
Wall Street Analysts Forecast Growth
BKNG has been the topic of several analyst reports. Oppenheimer lifted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. BMO Capital Markets raised their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. UBS Group upped their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, B. Riley increased their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,370.43.
Get Our Latest Analysis on BKNG
Booking Profile
(
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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