XTX Topco Ltd acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 369 shares of the business services provider's stock, valued at approximately $1,833,000.
Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of Booking by 621,874.8% during 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 during the last quarter. Norges Bank purchased a new stake in Booking during the 4th quarter valued at $1,958,352,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Winslow Capital Management LLC grew its holdings in shares of Booking by 132.7% in the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after acquiring an additional 50,605 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in Booking during the fourth quarter valued at $207,089,000. 92.42% of the stock is owned by institutional investors.
Booking Stock Performance
Booking stock traded up $32.47 during mid-day trading on Friday, reaching $4,573.31. 216,763 shares of the company were exchanged, compared to its average volume of 248,864. The firm has a market cap of $150.07 billion, a P/E ratio of 26.43, a PEG ratio of 1.71 and a beta of 1.37. The business has a fifty day moving average of $4,695.61 and a 200 day moving average of $4,771.47. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is presently 22.19%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on BKNG. BMO Capital Markets lifted their price target 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. Cantor Fitzgerald reduced their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wedbush upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Finally, Barclays boosted their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $5,278.66.
Read Our Latest Stock Analysis on Booking
Booking Profile
(
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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