Fairtree Asset Management Pty Ltd Invests $507,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Fairtree Asset Management Pty Ltd bought 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 & Exchange Commission. The firm bought 102 shares of the business services provider's stock, valued at approximately $507,000.

Several other large investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC bought a new position in Booking in the fourth quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in Booking in the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter worth approximately $30,000. Promus Capital LLC bought a new position in Booking in the fourth quarter worth approximately $35,000. Finally, Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 0.0%

Shares of NASDAQ BKNG traded down $0.92 during mid-day trading on Friday, hitting $5,501.08. The company had a trading volume of 232,656 shares, compared to its average volume of 247,420. The company has a market capitalization 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 Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,582.93. The stock's 50-day moving average price is $4,889.59 and its 200-day moving average price is $4,910.68.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.58 billion. During the same period in the prior year, the business earned $20.39 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is currently 23.89%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. 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. JMP Securities raised their target price 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. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Citigroup raised their target price on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company raised their target price 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. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.

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.