Focus Partners Wealth grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 508.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,543 shares of the business services provider's stock after acquiring an additional 15,496 shares during the period. Focus Partners Wealth owned 0.06% of Booking worth $95,679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in Booking during the fourth quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the 4th quarter worth $30,000. Finally, Promus Capital LLC bought a new position in shares of Booking in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Price Performance
NASDAQ:BKNG traded up $45.39 during trading hours on Thursday, reaching $5,261.94. The company had a trading volume of 62,936 shares, compared to its average volume of 247,735. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business's 50 day moving average price is $4,700.30 and its 200-day moving average price is $4,864.57. The firm has a market cap of $171.22 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $20.39 EPS. On average, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.73%. Booking's dividend payout ratio is currently 23.89%.
Analysts Set New Price Targets
Several analysts recently weighed in on BKNG shares. DA Davidson increased their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Piper Sandler lowered their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a report on Friday, April 4th. Cantor Fitzgerald decreased their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.
Get Our Latest Analysis on Booking
About Booking
(
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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