GTS Securities LLC Has $1.42 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

GTS Securities LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 94.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286 shares of the business services provider's stock after selling 4,659 shares during the period. GTS Securities LLC's holdings in Booking were worth $1,421,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC raised 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 valued at $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank bought a new position in Booking during the fourth quarter valued at about $1,958,352,000. Arrowstreet Capital Limited Partnership raised its holdings in Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock valued at $1,394,283,000 after acquiring an additional 95,308 shares in the last quarter. Northern Trust Corp lifted its position in shares of Booking by 18.8% in the 4th 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 period. Finally, Winslow Capital Management LLC lifted its position in shares of Booking by 132.7% in the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after acquiring an additional 50,605 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.2%

BKNG stock traded down $9.93 during midday trading on Thursday, reaching $5,465.33. The stock had a trading volume of 118,402 shares, compared to its average volume of 247,068. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,597.50. The firm has a market cap of $177.84 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.71 and a beta of 1.42. The business has a fifty day simple moving average of $4,873.74 and a two-hundred day simple moving average of $4,907.67.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. DA Davidson upped their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Finally, Robert W. Baird raised their price target on shares of 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 analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.

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.