Fire Capital Management LLC Makes New $248,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Fire Capital Management LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50 shares of the business services provider's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Booking by 160.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock worth $6,459,000 after purchasing an additional 800 shares during the last quarter. Hickory Asset Management Inc. bought a new stake in Booking during the 4th quarter valued at approximately $1,624,000. Boston Trust Walden Corp grew its holdings in Booking by 6.4% in the 4th quarter. Boston Trust Walden Corp now owns 11,221 shares of the business services provider's stock valued at $55,751,000 after buying an additional 672 shares during the last quarter. Finally, Realta Investment Advisors acquired a new stake in Booking in the 4th quarter valued at approximately $520,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG traded down $0.92 on Friday, hitting $5,501.08. The company's stock 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 PE ratio of 31.79, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,582.93. The company has a 50 day moving average price of $4,889.59 and a 200 day moving average price of $4,910.68.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. Booking's dividend payout ratio is 23.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Royal Bank of Canada restated an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Barclays increased their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.

About Booking

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.