Booking Holdings Inc. (NASDAQ:BKNG) Holdings Raised by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,384 shares of the business services provider’s stock after purchasing an additional 779 shares during the quarter. Gotham Asset Management LLC’s holdings in Booking were worth $21,782,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC acquired a new position in Booking during the 4th quarter valued at approximately $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 1.5 %

Shares of NASDAQ:BKNG opened at $5,086.10 on Friday. The company’s fifty day moving average is $4,672.55 and its two-hundred day moving average is $4,846.12. The company has a market cap of $165.50 billion, a P/E ratio of 29.39, 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 $5,337.24.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results 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. 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 analyst estimates of $4.58 billion. During the same period in the previous year, the firm earned $20.39 earnings per share. Booking’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. JMP Securities raised their target price on Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 30th. Royal Bank of Canada restated an “outperform” rating and issued a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Benchmark boosted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. 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 report on Friday, February 21st. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Ten equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.