Cim LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,993 shares of the business services provider's stock after selling 79 shares during the quarter. Booking comprises 2.1% of Cim LLC's holdings, making the stock its 21st largest holding. Cim LLC's holdings in Booking were worth $14,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking during the 4th quarter valued at $30,000. Promus Capital LLC purchased a new stake in shares of Booking during the 4th quarter valued at $35,000. Finally, Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BKNG has been the topic of several recent analyst reports. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. 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. Cfra raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Cantor Fitzgerald decreased their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.
View Our Latest Research Report on BKNG
Booking Trading Up 0.4%
Shares of NASDAQ BKNG traded up $23.52 during midday trading on Wednesday, hitting $5,475.26. The company's stock had a trading volume of 188,562 shares, compared to its average volume of 247,577. The business's 50 day moving average is $4,873.74 and its two-hundred day moving average is $4,907.67. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,505.00. The firm has a market cap of $178.16 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.
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. The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $20.39 earnings per share. On average, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.70%. Booking's payout ratio is currently 23.89%.
Booking Company Profile
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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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