Donaldson Capital Management LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 602 shares of the business services provider's stock, valued at approximately $2,773,000.
A number of other hedge funds have also made changes to their positions in BKNG. Summit Securities Group LLC acquired a new position in Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the fourth quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of Booking during the 4th quarter worth about $35,000. Roxbury Financial LLC bought a new stake in Booking during the 4th quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Price Performance
Shares of NASDAQ:BKNG traded down $163.57 during trading on Friday, reaching $5,298.38. The stock had a trading volume of 261,976 shares, compared to its average volume of 246,942. The stock has a market capitalization of $172.41 billion, a PE ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The business's 50-day moving average price is $5,076.04 and its 200 day moving average price is $4,943.51.
Booking (NASDAQ:BKNG - Get Free Report) last announced 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 negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the prior year, the business earned $20.39 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.
Analysts Set New Price Targets
A number of brokerages have recently commented on BKNG. Cantor Fitzgerald cut their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. DA Davidson upped their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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 report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average price target of $5,388.37.
Get Our Latest Stock Report on BKNG
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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