Soros Capital Management LLC Has $32.67 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Soros Capital Management LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,575 shares of the business services provider's stock after purchasing an additional 471 shares during the period. Booking makes up approximately 5.2% of Soros Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Soros Capital Management LLC's holdings in Booking were worth $32,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Passumpsic Savings Bank boosted its stake in shares of Booking by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider's stock worth $2,944,000 after acquiring an additional 18 shares in the last quarter. Virtu Financial LLC increased its position in Booking by 268.5% during the third quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider's stock worth $10,147,000 after purchasing an additional 1,756 shares during the last quarter. World Investment Advisors LLC raised its position in Booking by 3,561.9% in the third quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider's stock valued at $12,955,000 after purchasing an additional 2,992 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Booking by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider's stock valued at $6,529,000 after buying an additional 335 shares during the period. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Booking by 404.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider's stock worth $1,933,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. Piper Sandler reiterated a "neutral" rating and issued a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Cfra raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets increased their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Cantor Fitzgerald cut their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Eleven investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,278.66.

Booking Price Performance

Shares of BKNG stock traded up $96.94 during trading hours on Thursday, hitting $4,827.97. 238,028 shares of the company's stock were exchanged, compared to its average volume of 250,006. The stock's 50-day moving average is $4,663.04 and its 200-day moving average is $4,784.04. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market cap of $158.43 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Equities research 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.80%. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is currently 22.19%.

About Booking

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.