Transform Wealth LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,585 shares of the business services provider's stock, valued at approximately $7,301,000.
A number of other institutional investors have also added to or reduced their stakes in BKNG. GAMMA Investing LLC boosted its position in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after acquiring an additional 2,362,892 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Booking by 621,874.8% in the fourth 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 during the last quarter. Norges Bank bought a new position in Booking in the fourth quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after buying an additional 58,357 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Down 0.1%
Shares of BKNG stock traded down $4.05 during trading hours on Thursday, hitting $5,462.23. 71,532 shares of the company's stock were exchanged, compared to its average volume of 246,426. The firm has a 50 day moving average of $5,051.69 and a two-hundred day moving average of $4,941.07. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The firm has a market cap of $177.74 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.71 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business 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 firm posted $20.39 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The business 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 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BKNG. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a report on Friday, April 4th. JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley lowered their price target 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. BMO Capital Markets boosted their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Ten investment 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5,388.37.
Get Our Latest Analysis 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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