Sand Hill Global Advisors LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,451 shares of the business services provider's stock after selling 71 shares during the quarter. Sand Hill Global Advisors LLC's holdings in Booking were worth $7,209,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. boosted its holdings in Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock worth $9,321,000 after buying an additional 264 shares in the last quarter. Nordea Investment Management AB increased its position in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock worth $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after acquiring an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after purchasing an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on BKNG shares. B. Riley boosted their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Benchmark lifted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a report on Friday, April 4th. Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.
Read Our Latest Analysis on Booking
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 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. 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.
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. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. 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
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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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