Vise Technologies Inc. Buys 211 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Vise Technologies Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 57.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 578 shares of the business services provider's stock after buying an additional 211 shares during the period. Vise Technologies Inc.'s holdings in Booking were worth $2,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC increased its stake in Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2 shares during the period. Belpointe Asset Management LLC raised its holdings in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP grew its holdings in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares in the last quarter. Finally, LexAurum Advisors LLC increased its position in shares of Booking by 6.0% during the fourth quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider's stock valued at $263,000 after purchasing an additional 3 shares during the period. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 2.2%

BKNG stock traded up $115.97 during mid-day trading on Tuesday, hitting $5,448.77. 205,266 shares of the company were exchanged, compared to its average volume of 247,503. The business has a 50 day simple moving average of $4,839.33 and a 200-day simple moving average of $4,899.90. The stock has a market capitalization of $177.30 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,471.79.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the company posted $20.39 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is presently 23.89%.

Analyst Ratings Changes

Several research analysts have issued reports on BKNG shares. BMO Capital Markets increased their price objective 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. B. Riley increased 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. DA Davidson boosted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. UBS Group cut their target price 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. Finally, Wells Fargo & Company raised their price target on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Ten research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

About Booking

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.