Cardinal Capital Management Inc. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,195 shares of the business services provider's stock after acquiring an additional 108 shares during the quarter. Booking makes up about 1.1% of Cardinal Capital Management Inc.'s holdings, making the stock its 27th biggest position. Cardinal Capital Management Inc.'s holdings in Booking were worth $33,147,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new position in shares of Booking in the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Booking during the 4th quarter valued at about $40,000. Finally, Roxbury Financial LLC acquired a new stake in Booking in the 4th quarter worth approximately $42,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Robert W. Baird upped their target price on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. B. Riley upped their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Cfra raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Ten 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, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,388.37.
Read Our Latest Report on Booking
Booking Trading Down 3.0%
NASDAQ BKNG traded down $163.57 on Friday, reaching $5,298.38. The company's stock had a trading volume of 261,976 shares, compared to its average volume of 247,315. The business has a 50-day moving average price of $5,076.04 and a 200 day moving average price of $4,943.51. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The firm has a market cap of $172.41 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $20.39 earnings per share. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is currently 23.89%.
About Booking
(
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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