Nissay Asset Management Corp Japan ADV increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,494 shares of the business services provider's stock after acquiring an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Booking were worth $37,750,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Nearwater Capital Markets Ltd acquired a new position in Booking during the 4th quarter valued at about $9,937,000. NorthRock Partners LLC increased its stake in Booking by 126.3% during the 4th quarter. NorthRock Partners LLC now owns 439 shares of the business services provider's stock valued at $2,180,000 after buying an additional 245 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Booking by 17.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,305 shares of the business services provider's stock valued at $11,452,000 after buying an additional 341 shares during the period. MayTech Global Investments LLC increased its stake in Booking by 5.7% during the 4th quarter. MayTech Global Investments LLC now owns 6,101 shares of the business services provider's stock valued at $30,313,000 after buying an additional 328 shares during the period. Finally, Meridiem Capital Partners LP acquired a new position in Booking during the 4th quarter valued at about $13,479,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on BKNG shares. DA Davidson raised their target price 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. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald lowered their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.
Read Our Latest Stock Report on BKNG
Booking Stock Performance
Shares of BKNG stock traded up $79.33 during trading on Friday, hitting $5,317.07. 199,930 shares of the company were exchanged, compared to its average volume of 248,313. The firm has a market capitalization of $173.02 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 1.71 and a beta of 1.42. The business's 50-day simple moving average is $4,735.30 and its 200 day simple moving average is $4,876.84. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $20.39 earnings per share. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is presently 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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