City National Bank of Florida MSD bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 124 shares of the business services provider's stock, valued at approximately $616,000.
Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after acquiring an additional 2 shares during the period. SageView Advisory Group LLC lifted its position in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after acquiring an additional 2 shares during the last quarter. Elequin Capital LP lifted its stake in Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after buying an additional 2 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its position in Booking by 6.0% in the 4th quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider's stock valued at $263,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Booking Stock Performance
Shares of NASDAQ:BKNG traded up $109.20 during trading on Tuesday, hitting $5,442.00. 90,921 shares of the stock were exchanged, compared to its average volume of 246,848. The company's fifty day simple moving average is $4,839.33 and its 200-day simple moving average is $4,899.90. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,453.67. The company has a market capitalization of $177.08 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating 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 business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm earned $20.39 EPS. Booking's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. UBS Group reduced their target price 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. JPMorgan Chase & Co. reduced their target price on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a report on Friday, April 4th. Finally, BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,299.29.
Read Our Latest Stock Report on BKNG
Booking Company Profile
(
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.
Read More
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
