DSG Capital Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,023 shares of the business services provider's stock, valued at approximately $5,083,000.
Several other large investors also recently modified their holdings of the stock. Covestor Ltd grew its stake in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares during the period. SageView Advisory Group LLC grew its position in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after purchasing an additional 2 shares during the period. Belpointe Asset Management LLC raised its holdings in Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after buying an additional 2 shares during the last quarter. Elequin Capital LP raised its holdings in shares of Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after acquiring an additional 2 shares during the last quarter. Finally, Gries Financial LLC boosted its stake in Booking by 2.5% during the 4th quarter. Gries Financial LLC now owns 123 shares of the business services provider's stock valued at $611,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BKNG. Piper Sandler dropped their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup raised their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Ten investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.
Read Our Latest Stock Report on Booking
Booking Stock Down 0.0%
BKNG traded down $0.92 during trading on Friday, reaching $5,501.08. 232,656 shares of the company were exchanged, compared to its average volume of 246,995. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,532.50. The company's 50-day moving average is $4,904.05 and its two-hundred day moving average is $4,913.07. The company has a market cap of $179.01 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $20.39 earnings per share. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.
Booking 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.
Further Reading
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