GF Fund Management CO. LTD. purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,273 shares of the business services provider's stock, valued at approximately $31,167,000. Booking comprises approximately 0.7% of GF Fund Management CO. LTD.'s holdings, making the stock its 29th largest position.
A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in shares of Booking by 69.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 40,547 shares of the business services provider's stock valued at $201,455,000 after buying an additional 16,554 shares during the last quarter. Pacific Point Advisors LLC bought a new stake in shares of Booking in the 4th quarter valued at about $248,000. Helium Advisors LLC bought a new stake in shares of Booking in the 4th quarter valued at about $364,000. Vise Technologies Inc. lifted its stake in shares of Booking by 57.5% in the 4th quarter. Vise Technologies Inc. now owns 578 shares of the business services provider's stock valued at $2,872,000 after purchasing an additional 211 shares during the period. Finally, City National Bank of Florida MSD acquired a new position in shares of Booking in the 4th quarter valued at about $616,000. Institutional investors own 92.42% of the company's stock.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JMP Securities increased their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reduced their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.
Get Our Latest Stock Report on BKNG
Booking Stock Performance
Shares of Booking stock traded down $19.67 during trading on Thursday, hitting $5,455.60. 122,205 shares of the company's stock were exchanged, compared to its average volume of 247,086. The business has a 50-day simple moving average of $4,873.74 and a 200-day simple moving average of $4,907.67. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,597.50. The stock has a market capitalization of $177.53 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.71 and a beta of 1.42.
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 the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $20.39 earnings per share. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 0.70%. Booking's 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.
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