Cresset Asset Management LLC decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,287 shares of the business services provider's stock after selling 2,448 shares during the quarter. Cresset Asset Management LLC's holdings in Booking were worth $6,393,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC raised its holdings in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC raised its holdings in Booking by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after buying an additional 6,009 shares in the last quarter. Norges Bank bought a new position in Booking during the fourth quarter valued at about $1,958,352,000. Northern Trust Corp lifted its position in shares of Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the last quarter. Finally, Sanders Capital LLC boosted its stake in shares of Booking by 1.4% during the 4th quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock worth $1,416,318,000 after acquiring an additional 3,926 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Performance
Shares of NASDAQ BKNG traded down $79.17 during midday trading on Friday, reaching $5,086.10. 228,424 shares of the company traded hands, compared to its average volume of 248,269. The stock's 50-day simple moving average is $4,672.55 and its 200-day simple moving average is $4,849.82. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market cap of $165.50 billion, a PE ratio of 29.39, a PEG ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $20.39 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current 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 issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.75%. Booking's dividend payout ratio is 23.89%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BKNG. Morgan Stanley reduced their target price on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. UBS Group reduced their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. B. Riley boosted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Ten equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,299.29.
Get Our Latest Research Report on BKNG
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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