Fenimore Asset Management Inc lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,957 shares of the business services provider's stock after selling 68 shares during the quarter. Booking accounts for approximately 1.9% of Fenimore Asset Management Inc's investment portfolio, making the stock its 19th biggest holding. Fenimore Asset Management Inc owned 0.06% of Booking worth $91,940,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of BKNG. Summit Securities Group LLC bought a new position in Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in Booking during the fourth quarter worth about $35,000. Kapitalo Investimentos Ltda bought a new position in Booking during the fourth quarter worth about $40,000. Finally, Roxbury Financial LLC bought a new position in Booking during the fourth quarter worth about $42,000. Institutional investors own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
BKNG has been the subject of a number of research reports. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Morgan Stanley cut their target price 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. Barclays increased their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. BMO Capital Markets increased their price target 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, Wells Fargo & Company increased their price target 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. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,377.33.
Check Out Our Latest Research Report on Booking
Booking Stock Performance
BKNG opened at $5,614.61 on Monday. The stock has a market capitalization of $182.70 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41. The company's 50-day simple moving average is $4,990.30 and its two-hundred day simple moving average is $4,931.04. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70.
Booking (NASDAQ:BKNG - Get Free Report) last released 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 net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm earned $20.39 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is 23.89%.
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.
Further Reading
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