Pathstone Holdings LLC Increases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Pathstone Holdings LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,389 shares of the business services provider's stock after buying an additional 68 shares during the period. Pathstone Holdings LLC's holdings in Booking were worth $21,806,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mufg Securities Americas Inc. purchased a new position in shares of Booking in the fourth quarter worth about $2,430,000. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Booking by 4.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,494 shares of the business services provider's stock worth $37,750,000 after buying an additional 327 shares during the period. Nearwater Capital Markets Ltd purchased a new position in shares of Booking in the fourth quarter worth about $9,937,000. NorthRock Partners LLC increased its holdings in shares of Booking by 126.3% in the fourth quarter. NorthRock Partners LLC now owns 439 shares of the business services provider's stock worth $2,180,000 after buying an additional 245 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Booking by 17.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,305 shares of the business services provider's stock worth $11,452,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. Citigroup lifted their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. UBS Group cut their target price on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Robert W. Baird raised their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research note on Friday, April 4th. Ten 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Stock Performance

Shares of BKNG traded up $79.33 during mid-day trading on Friday, reaching $5,317.07. The company had a trading volume of 199,930 shares, compared to its average volume of 248,513. The firm has a 50-day moving average price of $4,735.30 and a 200 day moving average price of $4,879.71. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization of $173.02 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the firm posted $20.39 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. Booking's payout ratio is currently 23.89%.

Booking Company 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.