Point72 Europe London LLP Purchases New Shares in Booking Holdings Inc. (NASDAQ:BKNG)

Point72 Europe London LLP bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,030 shares of the business services provider's stock, valued at approximately $15,054,000.

A number of other large investors also recently bought and sold shares of BKNG. Covestor Ltd raised its position in shares of Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after buying an additional 2 shares during the period. SageView Advisory Group LLC grew its position in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock worth $616,000 after acquiring an additional 2 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2 shares during the period. Marcum Wealth LLC boosted its position in shares of Booking by 3.5% during the fourth quarter. Marcum Wealth LLC now owns 89 shares of the business services provider's stock worth $443,000 after buying an additional 3 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of Booking by 4.9% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock worth $318,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.9%

Booking stock opened at $5,216.55 on Thursday. The company has a fifty day simple moving average of $4,700.30 and a 200-day simple moving average of $4,864.57. The firm has a market capitalization of $169.75 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

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

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 annualized dividend and a yield of 0.74%. Booking's dividend payout ratio (DPR) is 23.89%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BKNG. B. Riley increased their target price on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Piper Sandler lowered their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Citigroup raised their target price on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. 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 company. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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