Smithbridge Asset Management Inc. DE acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 280 shares of the business services provider's stock, valued at approximately $1,290,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Covestor Ltd grew its stake in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after acquiring an additional 2 shares in the last quarter. SageView Advisory Group LLC grew its stake in shares of Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after acquiring an additional 2 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP grew its stake in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after acquiring an additional 2 shares in the last quarter. Finally, Hemington Wealth Management grew its stake in shares of Booking by 6.5% in the fourth quarter. Hemington Wealth Management now owns 49 shares of the business services provider's stock valued at $243,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.
Booking Price Performance
NASDAQ BKNG traded down $163.57 during trading hours on Friday, reaching $5,298.38. The company's stock had a trading volume of 261,976 shares, compared to its average volume of 247,315. The firm has a fifty day simple moving average of $5,076.04 and a 200-day simple moving average of $4,943.51. The stock has a market cap of $172.41 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. 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 issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 24.78% and a negative return on equity of 159.34%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $20.39 EPS. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. Booking's dividend payout ratio (DPR) is presently 23.89%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Booking from $5,580.00 to $5,820.00 and gave the company a "neutral" rating in a research note on Monday. Piper Sandler cut their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Barclays upped their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $5,388.37.
Get Our Latest Analysis on Booking
Booking Company Profile
(
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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