Apella Capital LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 53 shares of the business services provider's stock, valued at approximately $246,000.
A number of other institutional investors also recently modified their holdings of BKNG. Realta Investment Advisors acquired a new position in shares of Booking during the 4th quarter worth $520,000. Brighton Jones LLC increased its holdings in Booking by 34.9% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC acquired a new position in Booking in the 4th quarter worth about $209,000. U.S. Capital Wealth Advisors LLC acquired a new position in Booking in the 4th quarter worth about $258,000. Finally, Choreo LLC increased its holdings in Booking by 17.0% in the 4th quarter. Choreo LLC now owns 1,497 shares of the business services provider's stock worth $7,474,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Price Performance
NASDAQ BKNG opened at $5,570.52 on Friday. The business has a 50 day simple moving average of $4,971.72 and a 200 day simple moving average of $4,929.08. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70. The stock has a market capitalization of $181.26 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter last year, the firm posted $20.39 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a report on Friday, April 4th. DA Davidson upped their target price on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company increased their price target on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 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 stock. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,377.33.
View Our Latest Analysis 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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