WBI Investments LLC Invests $829,000 in Booking Holdings Inc. (NASDAQ:BKNG)

WBI Investments LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 167 shares of the business services provider's stock, valued at approximately $829,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its stake in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank bought a new stake in shares of Booking in the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership increased its position in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after purchasing an additional 95,308 shares during the last quarter. Northern Trust Corp increased its position in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Finally, Winslow Capital Management LLC increased its position in shares of Booking by 132.7% in the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock worth $440,967,000 after purchasing an additional 50,605 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Booking stock opened at $5,378.00 on Tuesday. The firm has a 50 day simple moving average of $4,754.85 and a 200-day simple moving average of $4,885.53. The stock has a market capitalization of $175.00 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,392.21.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly 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. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $20.39 EPS. On average, analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.71%. Booking's dividend payout ratio is currently 23.89%.

Analyst Ratings Changes

Several brokerages recently weighed in on BKNG. UBS Group lowered their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. DA Davidson boosted their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald lowered their price target on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, B. Riley boosted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

About Booking

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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.