Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,384 shares of the business services provider's stock after purchasing an additional 779 shares during the quarter. Gotham Asset Management LLC's holdings in Booking were worth $21,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in Booking in the 4th quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter worth $35,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.8%

BKNG traded up $41.08 during midday trading on Tuesday, hitting $5,236.07. 24,355 shares of the company traded hands, compared to its average volume of 247,632. The business has a 50 day simple moving average of $4,678.10 and a two-hundred day simple moving average of $4,859.32. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market capitalization of $170.38 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.71 and a beta of 1.42.

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

Booking Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. JMP Securities raised their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Finally, UBS Group cut their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Company 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.