Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Increased by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 127.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,785 shares of the business services provider's stock after purchasing an additional 45,808 shares during the quarter. Booking comprises approximately 1.4% of Voloridge Investment Management LLC's holdings, making the stock its largest holding. Voloridge Investment Management LLC owned 0.25% of Booking worth $406,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. grew its holdings in Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after purchasing an additional 264 shares during the last quarter. Point72 Europe London LLP bought a new position in Booking during the 4th quarter valued at about $15,054,000. Sequoia Financial Advisors LLC grew its holdings in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in Booking by 160.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock valued at $6,459,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Up 1.1%

Shares of BKNG opened at $5,378.00 on Tuesday. The company has a 50 day moving average of $4,754.85 and a two-hundred day moving average of $4,885.53. The company has a market cap of $175.00 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,392.21.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 24.78% and a negative return on equity of 159.34%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $20.39 earnings per share. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued 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 dividend yield of 0.71%. Booking's dividend payout ratio is currently 23.89%.

Analyst Upgrades and Downgrades

BKNG has been the topic of several analyst reports. UBS Group cut their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Piper Sandler cut their price target on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. B. Riley upped their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald dropped their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, DA Davidson raised their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Ten equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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