HF Advisory Group LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 751 shares of the business services provider's stock after selling 91 shares during the period. Booking makes up 1.5% of HF Advisory Group LLC's investment portfolio, making the stock its 11th largest position. HF Advisory Group LLC's holdings in Booking were worth $3,463,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of BKNG. Realta Investment Advisors purchased a new position in shares of Booking in the fourth quarter valued at approximately $520,000. Brighton Jones LLC grew its position in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking during the fourth quarter worth about $209,000. U.S. Capital Wealth Advisors LLC acquired a new position in Booking during the fourth quarter worth approximately $258,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Booking by 131.9% in the 4th quarter. Retirement Systems of Alabama now owns 16,904 shares of the business services provider's stock valued at $83,986,000 after acquiring an additional 9,616 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on the company. BMO Capital Markets upped their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Ten investment 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5,377.33.
Read Our Latest Stock Report on Booking
Booking Stock Performance
Booking stock traded up $44.09 during trading on Friday, reaching $5,614.61. 174,065 shares of the company's stock were exchanged, compared to its average volume of 246,554. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,658.32. The company's 50-day moving average is $4,971.72 and its two-hundred day moving average is $4,929.08. The firm has a market cap of $182.70 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating 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 analyst estimates of $4.58 billion. During the same period last year, the business earned $20.39 EPS. The business's revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The business also recently declared 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 0.68%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is currently 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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