EP Wealth Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,437 shares of the business services provider's stock after selling 163 shares during the quarter. EP Wealth Advisors LLC's holdings in Booking were worth $7,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking in the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking during the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new position in Booking during the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC purchased a new stake in Booking in the 4th quarter worth approximately $35,000. Institutional investors own 92.42% of the company's stock.
Booking Trading Up 0.6 %
Shares of BKNG opened at $5,192.59 on Thursday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business's fifty day simple moving average is $4,664.31 and its two-hundred day simple moving average is $4,835.67. The company has a market cap of $168.97 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.71 and a beta of 1.42.
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 the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $20.39 EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given 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 0.74%. Booking's dividend payout ratio (DPR) is 23.89%.
Wall Street Analyst Weigh In
BKNG has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price 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. Citigroup boosted their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Cantor Fitzgerald dropped their target price on shares of 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. Wells Fargo & Company boosted their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Ten 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 stock. According to data from MarketBeat, Booking has an average rating of "Moderate Buy" and an average price target of $5,299.29.
Read Our Latest Stock Report on Booking
Booking Profile
(
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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