Virtue Capital Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 44.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106 shares of the business services provider's stock after selling 86 shares during the quarter. Virtue Capital Management LLC's holdings in Booking were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Booking in the 4th quarter worth about $25,000. Summit Securities Group LLC bought a new position in Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at $30,000. Promus Capital LLC acquired a new position in Booking during the 4th quarter valued at about $35,000. Finally, Valley National Advisers Inc. raised its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on BKNG. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. DA Davidson upped their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Benchmark lifted their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,299.29.
Get Our Latest Report on BKNG
Booking Trading Down 0.0%
Shares of NASDAQ:BKNG traded down $0.92 on Friday, reaching $5,501.08. 232,656 shares of the company traded hands, compared to its average volume of 246,995. The stock has a market capitalization of $179.01 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The business's 50-day simple moving average is $4,904.05 and its 200 day simple moving average is $4,913.47. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,532.50.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $20.39 EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The business 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. This represents a $38.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.
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.
Further Reading
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