New Hampshire Trust cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,086 shares of the business services provider's stock after selling 69 shares during the quarter. Booking makes up 1.1% of New Hampshire Trust's portfolio, making the stock its 23rd largest holding. New Hampshire Trust's holdings in Booking were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the 4th quarter worth about $30,000. Promus Capital LLC bought a new stake in Booking in the 4th quarter valued at about $35,000. Finally, Valley National Advisers Inc. boosted its stake in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after purchasing an additional 6 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Price Performance
Booking stock traded up $52.17 during midday trading on Wednesday, reaching $5,527.24. The stock had a trading volume of 94,201 shares, compared to its average volume of 271,092. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,560.45. The firm has a market cap of $179.86 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.71 and a beta of 1.42. The firm's fifty day simple moving average is $4,933.99 and its two-hundred day simple moving average is $4,920.88.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $20.39 earnings per share. As a group, sell-side 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. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.69%. Booking's dividend payout ratio is currently 23.89%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on BKNG. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. Wall Street Zen upgraded Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald cut their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Citigroup raised their price target on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5,340.36.
Check Out Our Latest Research Report on Booking
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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