Trillium Asset Management LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 542 shares of the business services provider's stock, valued at approximately $2,693,000.
Other large investors also recently modified their holdings of the company. Quest Partners LLC lifted its stake in shares of Booking by 232.5% in the third quarter. Quest Partners LLC now owns 256 shares of the business services provider's stock valued at $1,078,000 after buying an additional 179 shares during the period. Prospera Financial Services Inc raised its holdings in Booking by 88.8% in the 3rd quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider's stock valued at $708,000 after acquiring an additional 79 shares in the last quarter. West Family Investments Inc. lifted its position in shares of Booking by 44.6% in the 3rd quarter. West Family Investments Inc. now owns 94 shares of the business services provider's stock worth $396,000 after acquiring an additional 29 shares during the period. Strategy Asset Managers LLC grew its holdings in shares of Booking by 55.0% during the 3rd quarter. Strategy Asset Managers LLC now owns 358 shares of the business services provider's stock worth $1,508,000 after purchasing an additional 127 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Booking by 2.0% during the third quarter. Commerce Bank now owns 13,552 shares of the business services provider's stock valued at $57,083,000 after purchasing an additional 272 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BKNG has been the topic of a number of recent research reports. StockNews.com downgraded shares of Booking from a "buy" rating to a "hold" rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Wells Fargo & Company upped their target price on shares of Booking from $4,470.00 to $5,248.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Wedbush raised their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Finally, 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. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.
Check Out Our Latest Analysis on Booking
Booking Trading Up 2.0 %
NASDAQ BKNG traded up $92.46 during trading hours on Monday, hitting $4,709.72. The company's stock had a trading volume of 232,020 shares, compared to its average volume of 232,611. The company's 50-day simple moving average is $4,789.60 and its two-hundred day simple moving average is $4,707.25. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization of $154.55 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $9.60 dividend. This is a boost from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, March 7th. Booking's payout ratio is 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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