Caxton Associates LP raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 594 shares of the business services provider's stock after buying an additional 153 shares during the period. Caxton Associates LP's holdings in Booking were worth $2,951,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. Mogy Joel R Investment Counsel Inc. grew its position in Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after acquiring an additional 264 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock valued at $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after buying an additional 153 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after buying an additional 2,010 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BKNG has been the topic of several analyst reports. BMO Capital Markets increased their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald decreased their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. UBS Group cut their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Benchmark increased their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Ten research 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.
Check Out Our Latest Stock Analysis on BKNG
Booking Trading Down 0.5 %
Shares of BKNG traded down $25.71 during mid-day trading on Thursday, reaching $5,170.53. The company had a trading volume of 209,141 shares, compared to its average volume of 249,227. The stock has a market cap of $168.25 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The firm has a fifty day simple moving average of $4,664.31 and a 200-day simple moving average of $4,835.67. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business posted $20.39 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is 23.89%.
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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