Bayesian Capital Management LP Purchases Shares of 268 Booking Holdings Inc. (NASDAQ:BKNG)

Bayesian Capital Management LP acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 268 shares of the business services provider's stock, valued at approximately $1,332,000.

Several other institutional investors have also recently modified their holdings of BKNG. Benjamin Edwards Inc. grew its position in Booking by 15.2% during the fourth quarter. Benjamin Edwards Inc. now owns 493 shares of the business services provider's stock valued at $2,458,000 after acquiring an additional 65 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new position in shares of Booking during the 4th quarter valued at $37,309,000. Aptus Capital Advisors LLC grew its holdings in shares of Booking by 21.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 404 shares of the business services provider's stock valued at $2,008,000 after purchasing an additional 70 shares during the last quarter. AXA S.A. boosted its position in Booking by 4.4% during the fourth quarter. AXA S.A. now owns 36,164 shares of the business services provider's stock valued at $179,678,000 after buying an additional 1,535 shares during the period. Finally, 1248 Management LLC purchased a new stake in Booking during the fourth quarter valued at about $1,272,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of NASDAQ:BKNG traded down $79.17 during trading on Friday, reaching $5,086.10. 228,423 shares of the stock traded hands, compared to its average volume of 249,144. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market cap of $165.50 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The stock has a 50-day moving average of $4,668.80 and a two-hundred day moving average of $4,841.24.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the business posted $20.39 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Piper Sandler decreased their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, DA Davidson raised their target price on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Ten 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 MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

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.