First County Bank CT bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 128 shares of the business services provider's stock, valued at approximately $590,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after buying an additional 864,406 shares in the last quarter. Norges Bank bought a new position in shares of Booking during the 4th quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5,299.29.
Check Out Our Latest Report on Booking
Booking Stock Performance
NASDAQ BKNG traded down $0.92 on Friday, hitting $5,501.08. 232,656 shares of the stock traded hands, compared to its average volume of 246,995. The business's fifty day moving average is $4,904.05 and its two-hundred day moving average is $4,913.47. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,532.50. The firm has a market capitalization of $179.01 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating 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 business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the company earned $20.39 earnings per share. Booking's revenue was up 7.9% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) 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.
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