Dimensional Fund Advisors LP grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,753 shares of the business services provider's stock after purchasing an additional 445 shares during the quarter. Dimensional Fund Advisors LP owned 0.28% of Booking worth $465,830,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Dnca Finance acquired a new position in shares of Booking during the 4th quarter worth about $5,465,000. Forum Financial Management LP increased its position in shares of Booking by 32.9% during the fourth quarter. Forum Financial Management LP now owns 101 shares of the business services provider's stock worth $502,000 after purchasing an additional 25 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of Booking by 10.7% in the 4th quarter. GeoWealth Management LLC now owns 474 shares of the business services provider's stock valued at $2,355,000 after purchasing an additional 46 shares during the last quarter. Capital International Ltd. CA boosted its position in shares of Booking by 1.6% in the 4th quarter. Capital International Ltd. CA now owns 7,960 shares of the business services provider's stock valued at $39,549,000 after purchasing an additional 122 shares during the period. Finally, Capital Group Investment Management PTE. LTD. grew its stake in Booking by 1.7% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 1,700 shares of the business services provider's stock worth $8,446,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BKNG. Citigroup lifted their target price 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. Royal Bank of Canada lifted their target price on Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Booking from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Morgan Stanley decreased their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,278.66.
Get Our Latest Research Report on Booking
Booking Stock Performance
Booking stock traded up $4.30 during midday trading on Friday, reaching $4,832.27. The stock had a trading volume of 76,401 shares, compared to its average volume of 249,329. The stock's 50-day simple moving average is $4,658.71 and its 200 day simple moving average is $4,788.57. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock has a market capitalization of $158.57 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid 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 0.79%. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is 22.19%.
Booking Company Profile
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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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