Boston Common Asset Management LLC Raises Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Boston Common Asset Management LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the business services provider's stock after purchasing an additional 1,175 shares during the quarter. Boston Common Asset Management LLC's holdings in Booking were worth $18,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Covestor Ltd boosted its position in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the last quarter. SageView Advisory Group LLC boosted its position in shares of Booking by 1.6% during the 4th 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 last quarter. Belpointe Asset Management LLC boosted its position in shares of Booking by 2.2% during 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 during the last quarter. Elequin Capital LP boosted its position 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 valued at $60,000 after acquiring an additional 2 shares during the last quarter. Finally, Gries Financial LLC lifted its position in Booking by 2.5% in the 4th quarter. Gries Financial LLC now owns 123 shares of the business services provider's stock worth $611,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on BKNG shares. Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. UBS Group decreased their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. DA Davidson increased their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. BMO Capital Markets lifted their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, B. Riley lifted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Ten 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Stock Down 0.4%

NASDAQ BKNG traded down $24.40 during trading hours on Monday, reaching $5,494.54. The company's stock had a trading volume of 62,334 shares, compared to its average volume of 272,674. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,532.50. The firm's 50-day moving average price is $4,904.05 and its 200-day moving average price is $4,913.07. The company has a market capitalization of $178.79 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping 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 firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm earned $20.39 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued 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 dividend payout ratio (DPR) is presently 23.89%.

Booking 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.