Trust Point Inc. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398 shares of the business services provider's stock after selling 63 shares during the quarter. Trust Point Inc.'s holdings in Booking were worth $1,834,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Summit Securities Group LLC bought a new stake in Booking in the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking in the 4th quarter valued at $30,000. Promus Capital LLC bought a new stake in Booking in the 4th quarter valued at $35,000. Kapitalo Investimentos Ltda bought a new stake in Booking in the 4th quarter valued at $40,000. Finally, Roxbury Financial LLC bought a new stake in Booking in the 4th quarter valued at $42,000. Institutional investors own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BKNG shares. Citigroup boosted their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Bank of America upped their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Finally, DA Davidson upped their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Ten investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,388.37.
Get Our Latest Analysis on Booking
Booking Trading Down 3.0%
Booking stock opened at $5,298.38 on Monday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The company has a market cap of $172.41 billion, a PE ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. The company's 50-day moving average is $5,098.72 and its two-hundred day moving average is $4,940.18.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company posted $20.39 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 0.72%. Booking's dividend payout ratio is 23.89%.
Booking 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.
Further Reading
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