Quantinno Capital Management LP Boosts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Quantinno Capital Management LP raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,263 shares of the business services provider's stock after purchasing an additional 1,217 shares during the period. Quantinno Capital Management LP's holdings in Booking were worth $26,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. raised its stake in shares of Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock worth $9,321,000 after acquiring an additional 264 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after buying an additional 368 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Booking by 160.0% during the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock worth $6,459,000 after purchasing an additional 800 shares during the period. Finally, Hickory Asset Management Inc. purchased a new position in shares of Booking in the 4th quarter valued at about $1,624,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BKNG. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley reduced their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. BMO Capital Markets boosted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, JMP Securities upped their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

Booking Trading Up 1.3%

Shares of NASDAQ BKNG opened at $5,262.42 on Wednesday. The company's 50-day moving average price is $4,689.43 and its 200 day moving average price is $4,862.12. The stock has a market cap of $171.24 billion, a price-to-earnings ratio of 30.41, 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 EPS for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $20.39 EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.73%. Booking's dividend 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.

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