Matrix Trust Co acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48 shares of the business services provider's stock, valued at approximately $221,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new stake in Booking in the fourth quarter worth approximately $30,000. Promus Capital LLC purchased a new stake in Booking in the fourth quarter worth approximately $35,000. Roxbury Financial LLC purchased a new stake in Booking in the fourth quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Booking in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Up 0.2%
Shares of Booking stock opened at $5,570.52 on Friday. The business has a 50 day moving average of $4,971.72 and a 200 day moving average of $4,929.08. The company has a market cap of $181.26 billion, a PE ratio of 32.19, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $20.39 earnings per share. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The company also recently disclosed 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 yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. B. Riley upped their target price on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. BMO Capital Markets upped their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. 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. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research note on Friday, April 4th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5,377.33.
Check Out Our Latest Research Report on BKNG
Booking Profile
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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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