Vident Advisory LLC Has $37.11 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Vident Advisory LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 192.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,469 shares of the business services provider's stock after buying an additional 4,912 shares during the quarter. Vident Advisory LLC's holdings in Booking were worth $37,109,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking in the 4th quarter valued at about $30,000. Finally, Valley National Advisers Inc. raised its stake in shares of Booking by 600.0% in the 4th 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. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.9%

BKNG stock traded up $48.60 during mid-day trading on Thursday, hitting $5,341.91. 135,986 shares of the company were exchanged, compared to its average volume of 247,346. The business has a 50 day simple moving average of $4,791.71 and a 200-day simple moving average of $4,891.27. The stock has a market capitalization of $173.83 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,379.98.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share 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 during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $20.39 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Equities 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 payout ratio is 23.89%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BKNG. DA Davidson raised their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Barclays raised their price objective on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. BMO Capital Markets raised their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, B. Riley raised their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Ten 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, Booking currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,299.29.

Booking Profile

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.