Foster Group Inc. Purchases Shares of 45 Booking Holdings Inc. (NASDAQ:BKNG)

Foster Group Inc. purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45 shares of the business services provider's stock, valued at approximately $207,000.

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Booking by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after acquiring an additional 6,009 shares during the last quarter. Norges Bank purchased a new stake in shares of Booking during the fourth quarter worth about $1,958,352,000. Finally, Northern Trust Corp increased its position in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after acquiring an additional 58,357 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

Shares of Booking stock traded up $44.09 on Friday, hitting $5,614.61. 174,065 shares of the company's stock traded hands, compared to its average volume of 246,954. The firm's 50-day moving average price is $4,990.30 and its two-hundred day moving average price is $4,933.48. The stock has a market capitalization of $182.70 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70.

Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the previous year, the company posted $20.39 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is presently 23.89%.

Wall Street Analyst Weigh In

BKNG has been the subject of several research analyst reports. DA Davidson boosted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research report on Wednesday, April 30th. B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald cut their price objective on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company increased their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Ten research 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, Booking has an average rating of "Moderate Buy" and an average target price of $5,377.33.

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.