Livforsakringsbolaget Skandia Omsesidigt Buys 110 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,394 shares of the business services provider's stock after purchasing an additional 110 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Booking were worth $11,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Covestor Ltd raised its stake in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC increased its stake in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after acquiring an additional 2 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after acquiring an additional 2 shares during the last quarter. Elequin Capital LP increased its stake in Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after acquiring an additional 2 shares during the last quarter. Finally, Hemington Wealth Management increased its stake in Booking by 6.5% in the 4th quarter. Hemington Wealth Management now owns 49 shares of the business services provider's stock worth $243,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of BKNG stock traded down $21.70 during mid-day trading on Wednesday, hitting $5,466.28. The company's stock had a trading volume of 262,776 shares, compared to its average volume of 247,116. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,639.70. The business has a 50-day moving average price of $5,028.05 and a 200 day moving average price of $4,937.42. The stock has a market cap of $177.87 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.71 and a beta of 1.41.

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 the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm 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 business earned $20.39 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. 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 currently 23.89%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BKNG. Robert W. Baird upped their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Bank of America upped their target price on Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a research note on Monday. Citigroup upped their target price 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. Benchmark upped their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, 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 report on Wednesday, April 16th. 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. According to data from MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.

About Booking

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.