Simon Quick Advisors LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 452 shares of the business services provider's stock after acquiring an additional 95 shares during the quarter. Simon Quick Advisors LLC's holdings in Booking were worth $2,082,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $35,000. Roxbury Financial LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Booking in the 4th quarter worth approximately $40,000. Institutional investors own 92.42% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on BKNG. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Cantor Fitzgerald dropped their target price 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. Cfra raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Piper Sandler dropped their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Robert W. Baird increased their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Ten investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,388.37.
Check Out Our Latest Stock Report on Booking
Booking Stock Down 3.0%
BKNG traded down $163.57 during trading on Friday, hitting $5,298.38. The company's stock had a trading volume of 261,976 shares, compared to its average volume of 247,722. The firm's 50 day moving average price is $5,098.72 and its two-hundred day moving average price is $4,942.15. The stock has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results 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 company 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 business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $20.39 EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.72%. Booking's dividend payout ratio (DPR) is currently 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.
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