Vinva Investment Management Ltd Has $10.19 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Vinva Investment Management Ltd lifted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,042 shares of the business services provider's stock after purchasing an additional 187 shares during the quarter. Vinva Investment Management Ltd's holdings in Booking were worth $10,191,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its stake in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock valued at $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock valued at $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock valued at $1,249,311,000 after purchasing an additional 11,649 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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Booking Stock Performance

BKNG traded up $28.23 during midday trading on Friday, reaching $4,617.26. 574,374 shares of the company were exchanged, compared to its average volume of 232,613. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $151.52 billion, a P/E ratio of 26.68, a PEG ratio of 1.71 and a beta of 1.40. The stock's 50-day simple moving average is $4,789.60 and its 200 day simple moving average is $4,700.90.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 analysts' expectations of $5.18 billion. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is 22.19%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cantor Fitzgerald upped their target price on Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Oppenheimer increased their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Mizuho increased their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Finally, UBS Group increased their price objective on Booking from $5,560.00 to $5,960.00 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, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $5,370.43.

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.