Rathbones Group PLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,300 shares of the business services provider's stock after acquiring an additional 1,321 shares during the period. Booking makes up 1.1% of Rathbones Group PLC's portfolio, making the stock its 19th largest holding. Rathbones Group PLC owned approximately 0.14% of Booking worth $235,006,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Booking in the fourth quarter worth about $30,000. Promus Capital LLC acquired a new stake in shares of Booking in the 4th quarter valued at $35,000. Finally, Valley National Advisers Inc. lifted its position in Booking by 600.0% during the 4th 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. Institutional investors own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. DA Davidson increased their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. StockNews.com cut Booking from a "buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets increased their price objective on Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, Barclays upped their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.
Get Our Latest Stock Analysis on BKNG
Booking Stock Up 2.0 %
Shares of BKNG traded up $91.89 during mid-day trading on Friday, hitting $4,586.53. 304,917 shares of the company's stock were exchanged, compared to its average volume of 248,358. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock's 50-day simple moving average is $4,715.54 and its 200-day simple moving average is $4,766.03. The firm has a market cap of $150.51 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio is presently 22.19%.
About Booking
(
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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