Twinbeech Capital LP bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,831 shares of the business services provider's stock, valued at approximately $68,718,000. Booking accounts for about 1.2% of Twinbeech Capital LP's portfolio, making the stock its 9th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Two Sigma Advisers LP increased its holdings in shares of Booking by 162.5% in the 4th quarter. Two Sigma Advisers LP now owns 12,600 shares of the business services provider's stock worth $62,602,000 after buying an additional 7,800 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Booking by 136.0% in the 4th quarter. Tidal Investments LLC now owns 7,242 shares of the business services provider's stock worth $35,981,000 after buying an additional 4,174 shares during the last quarter. Triavera Capital LLC bought a new position in shares of Booking in the 4th quarter worth $10,757,000. Stonebrook Private Inc. increased its holdings in shares of Booking by 27.1% in the 4th quarter. Stonebrook Private Inc. now owns 61 shares of the business services provider's stock worth $303,000 after buying an additional 13 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Booking by 17.5% in the 4th quarter. Toronto Dominion Bank now owns 15,316 shares of the business services provider's stock worth $76,093,000 after buying an additional 2,276 shares during the last quarter. Institutional investors own 92.42% of the company's stock.
Booking Price Performance
NASDAQ BKNG traded up $48.60 during trading hours on Thursday, reaching $5,341.91. 135,986 shares of the company's stock traded hands, compared to its average volume of 247,346. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,379.98. The firm has a market cap of $173.83 billion, a PE ratio of 30.87, a PEG ratio of 1.71 and a beta of 1.42. The firm has a 50-day simple moving average of $4,791.71 and a 200 day simple moving average of $4,891.27.
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, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the company posted $20.39 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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 paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.
Wall Street Analyst Weigh In
BKNG has been the topic of a number of research analyst reports. DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research note on Friday, April 4th. Finally, Citigroup upped their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $5,299.29.
Get Our Latest Analysis 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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