Sierra Summit Advisors LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,661 shares of the business services provider's stock after selling 158 shares during the period. Booking accounts for about 1.7% of Sierra Summit Advisors LLC's portfolio, making the stock its 28th largest holding. Sierra Summit Advisors LLC's holdings in Booking were worth $8,253,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking during the fourth quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $35,000. Finally, Valley National Advisers Inc. lifted its stake in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Price Performance
Shares of BKNG stock traded up $91.89 during trading hours on Friday, reaching $4,586.53. 304,917 shares of the stock were exchanged, compared to its average volume of 248,358. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The business's fifty day moving average is $4,715.54 and its two-hundred day moving average is $4,766.03. The firm has a market capitalization of $150.51 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts' consensus estimates 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, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $9.60 per share. This is a boost from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, March 7th. Booking's dividend payout ratio is currently 22.19%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BKNG. Mizuho upped their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays raised their target price on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Wedbush lifted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.
Read 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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