ST Germain D J Co. Inc. reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,311 shares of the business services provider's stock after selling 188 shares during the quarter. Booking comprises approximately 1.4% of ST Germain D J Co. Inc.'s portfolio, making the stock its 15th largest holding. ST Germain D J Co. Inc.'s holdings in Booking were worth $29,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new position in shares of Booking in the 4th quarter valued at about $35,000. Valley National Advisers Inc. lifted its stake in shares of Booking by 600.0% in the fourth 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. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Booking in the fourth quarter valued at about $40,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Booking Trading Up 1.5%
BKNG traded up $81.93 during trading on Wednesday, hitting $5,557.00. 209,199 shares of the company's stock were exchanged, compared to its average volume of 246,336. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,597.90. The stock has a 50 day moving average price of $4,933.99 and a 200 day moving average price of $4,920.88. The firm has a market cap of $180.82 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the firm earned $20.39 earnings per share. Booking's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid 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 yield of 0.69%. Booking's dividend payout ratio is currently 23.89%.
Analyst Upgrades and Downgrades
BKNG has been the subject of a number of research reports. DA Davidson lifted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, BMO Capital Markets lifted their target price on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,340.36.
View Our Latest Stock Report 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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