Virtu Financial LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 87.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291 shares of the business services provider's stock after selling 2,119 shares during the quarter. Virtu Financial LLC's holdings in Booking were worth $1,442,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in Booking in the fourth quarter valued at approximately $2,494,000. Sciencast Management LP acquired a new position in shares of Booking in the 4th quarter valued at $2,549,000. Summit Global Investments grew its position in shares of Booking by 90.9% in the 4th quarter. Summit Global Investments now owns 695 shares of the business services provider's stock valued at $3,455,000 after buying an additional 331 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Booking during the 4th quarter worth $383,000. Finally, TD Private Client Wealth LLC boosted its stake in Booking by 1.5% in the fourth quarter. TD Private Client Wealth LLC now owns 348 shares of the business services provider's stock valued at $1,729,000 after acquiring an additional 5 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. B. Riley upped their target price on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Mizuho raised their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Cfra raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, DA Davidson boosted their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.
Check Out Our Latest Stock Analysis on Booking
Booking Stock Performance
NASDAQ:BKNG traded down $11.36 during mid-day trading on Thursday, hitting $4,752.80. 194,019 shares of the company's stock traded hands, compared to its average volume of 232,390. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market cap of $155.96 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The firm's 50 day simple moving average is $4,787.19 and its 200 day simple moving average is $4,721.46.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.81%. Booking's payout ratio is presently 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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