MassMutual Private Wealth & Trust FSB lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,778 shares of the business services provider's stock after selling 148 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Booking were worth $17,405,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC lifted its stake in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Norges Bank bought a new stake in shares of Booking in the 4th quarter valued at about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 during the last quarter. Northern Trust Corp raised its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC raised its position in Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock valued at $440,967,000 after purchasing an additional 50,605 shares during the last quarter. Institutional investors own 92.42% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on BKNG. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley lowered their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cfra raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $5,299.29.
Get Our Latest Stock Analysis on BKNG
Booking Stock Performance
Shares of BKNG stock traded down $20.90 during mid-day trading on Monday, hitting $5,498.04. The company's stock had a trading volume of 51,929 shares, compared to its average volume of 246,220. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,532.50. The business has a 50-day moving average price of $4,904.05 and a 200 day moving average price of $4,913.07. The stock has a market cap of $178.91 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.71 and a beta of 1.42.
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. The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $20.39 earnings per share. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend 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.
Further Reading
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