Mackenzie Financial Corp Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mackenzie Financial Corp increased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,065 shares of the business services provider's stock after acquiring an additional 4,280 shares during the period. Mackenzie Financial Corp owned approximately 0.07% of Booking worth $109,628,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Point72 Europe London LLP acquired a new position in Booking in the fourth quarter valued at $15,054,000. Sequoia Financial Advisors LLC increased its position in shares of Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after purchasing an additional 153 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Booking by 160.0% during the fourth quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock worth $6,459,000 after purchasing an additional 800 shares in the last quarter. Hickory Asset Management Inc. acquired a new stake in shares of Booking during the fourth quarter worth about $1,624,000. Finally, Boston Trust Walden Corp increased its position in shares of Booking by 6.4% during the fourth quarter. Boston Trust Walden Corp now owns 11,221 shares of the business services provider's stock worth $55,751,000 after purchasing an additional 672 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BKNG. DA Davidson lifted their target price on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. BMO Capital Markets lifted their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company raised their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

Booking Stock Up 0.4%

Shares of BKNG stock traded up $23.52 during trading hours on Wednesday, hitting $5,475.26. 188,562 shares of the company were exchanged, compared to its average volume of 247,577. The firm has a market cap of $178.16 billion, a PE ratio of 31.64, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,505.28. The firm has a fifty day moving average of $4,856.58 and a 200 day moving average of $4,903.73.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the company earned $20.39 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current 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 paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.70%. Booking's dividend payout ratio is presently 23.89%.

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.