Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Winslow Capital Management LLC

Winslow Capital Management LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 132.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,754 shares of the business services provider's stock after buying an additional 50,605 shares during the period. Booking accounts for 1.6% of Winslow Capital Management LLC's portfolio, making the stock its 21st largest position. Winslow Capital Management LLC owned approximately 0.27% of Booking worth $440,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of BKNG. Conway Capital Management Inc. purchased a new stake in shares of Booking in the 3rd quarter worth approximately $577,000. Foyston Gordon & Payne Inc boosted its stake in Booking by 2.0% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 2,939 shares of the business services provider's stock worth $12,379,000 after purchasing an additional 57 shares in the last quarter. Geode Capital Management LLC grew its position in Booking by 1.4% during the 3rd 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 during the last quarter. Coldstream Capital Management Inc. increased its stake in Booking by 12.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 654 shares of the business services provider's stock valued at $2,807,000 after purchasing an additional 71 shares in the last quarter. Finally, Virtue Capital Management LLC raised its holdings in Booking by 11.0% in the third quarter. Virtue Capital Management LLC now owns 192 shares of the business services provider's stock worth $809,000 after buying an additional 19 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

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Booking Stock Performance

NASDAQ:BKNG traded down $14.99 during trading hours on Monday, reaching $4,571.54. The company's stock had a trading volume of 103,098 shares, compared to its average volume of 247,841. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a 50 day moving average price of $4,715.54 and a two-hundred day moving average price of $4,769.51. The company has a market capitalization of $150.02 billion, a P/E ratio of 26.42, 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, topping analysts' consensus estimates 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 the consensus estimate of $5.18 billion. As a group, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. 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 0.84%. Booking's dividend payout ratio (DPR) is 22.19%.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent analyst reports. Morgan Stanley increased their target price on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Citigroup boosted their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Cantor Fitzgerald lifted their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. JMP Securities lowered their price target on Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,327.28.

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.