Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,195 shares of the business services provider's stock after purchasing an additional 108 shares during the period. Booking makes up 1.1% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. Cardinal Capital Management Inc.'s holdings in Booking were worth $33,147,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after buying an additional 864,406 shares during the period. Norges Bank purchased a new stake in shares of Booking during the fourth quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Down 0.4%

Shares of NASDAQ BKNG traded down $21.70 during mid-day trading on Wednesday, hitting $5,466.28. 262,776 shares of the company were exchanged, compared to its average volume of 247,116. The stock has a 50 day simple moving average of $5,028.05 and a 200-day simple moving average of $4,937.42. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70. The firm has a market cap of $177.87 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

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 for the quarter, topping 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 firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the company earned $20.39 earnings per share. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Analyst Ratings Changes

A number of research firms recently weighed in on BKNG. Royal Bank of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler cut their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. JMP Securities increased their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Finally, BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research note on Friday, April 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.

Booking Company 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.