GAMMA Investing LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 521,609.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,363,345 shares of the business services provider's stock after acquiring an additional 2,362,892 shares during the period. Booking accounts for about 2.0% of GAMMA Investing LLC's portfolio, making the stock its 9th biggest holding. GAMMA Investing LLC owned approximately 7.20% of Booking worth $10,887,718,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Booking in the fourth quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of 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 position in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after acquiring an additional 6 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Booking Stock Down 0.4%
NASDAQ BKNG traded down $22.30 on Tuesday, reaching $5,516.61. The stock had a trading volume of 82,920 shares, compared to its average volume of 245,921. The firm has a market capitalization of $179.51 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,600.00. The stock has a fifty day moving average price of $4,919.55 and a two-hundred day moving average price of $4,917.01.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $20.39 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. 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 dividend payout ratio is currently 23.89%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on 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. DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Citigroup boosted their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.
Read Our Latest Report on Booking
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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