Booking Holdings Inc. (NASDAQ:BKNG) is Abacus FCF Advisors LLC's 5th Largest Position

Abacus FCF Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 53.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,974 shares of the business services provider's stock after purchasing an additional 1,387 shares during the quarter. Booking makes up 2.9% of Abacus FCF Advisors LLC's holdings, making the stock its 5th biggest position. Abacus FCF Advisors LLC's holdings in Booking were worth $18,308,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter valued at about $209,000. Thompson Investment Management Inc. bought a new position in Booking during the 4th quarter valued at $75,000. Quotient Wealth Partners LLC lifted its position in shares of Booking by 11.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 107 shares of the business services provider's stock worth $533,000 after buying an additional 11 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of Booking by 2.6% during the 4th quarter. Angeles Wealth Management LLC now owns 233 shares of the business services provider's stock worth $1,158,000 after buying an additional 6 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ BKNG traded down $163.57 during mid-day trading on Friday, reaching $5,298.38. 261,976 shares of the company's stock were exchanged, compared to its average volume of 247,315. The firm has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. The company's 50-day moving average is $5,076.04 and its 200-day moving average is $4,943.51. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last announced 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. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $20.39 EPS. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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 given a $9.60 dividend. 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 0.72%. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Benchmark increased their price target 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. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Piper Sandler cut their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,388.37.

Booking Company Profile

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.