Renaissance Technologies LLC Has $176.22 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Renaissance Technologies LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 125.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,467 shares of the business services provider's stock after acquiring an additional 19,763 shares during the quarter. Renaissance Technologies LLC owned about 0.11% of Booking worth $176,217,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of Booking during the 4th quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of Booking during the 4th quarter valued at about $35,000. Finally, Valley National Advisers Inc. raised its stake in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after acquiring an additional 6 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of a number of recent analyst reports. Cfra raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Piper Sandler reaffirmed a "neutral" rating and set a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a report on Friday, February 21st. Cantor Fitzgerald lifted their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Wedbush upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Finally, DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,327.28.

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Booking Stock Up 2.0 %

NASDAQ:BKNG traded up $91.89 during trading hours on Friday, reaching $4,586.53. The company had a trading volume of 304,917 shares, compared to its average volume of 248,388. The stock has a 50-day moving average of $4,715.54 and a two-hundred day moving average of $4,769.51. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market capitalization of $150.51 billion, a PE ratio of 26.51, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Booking's previous quarterly dividend of $8.75. 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.