Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by MayTech Global Investments LLC

MayTech Global Investments LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,101 shares of the business services provider’s stock after purchasing an additional 328 shares during the period. Booking accounts for about 3.6% of MayTech Global Investments LLC’s investment portfolio, making the stock its 14th biggest holding. MayTech Global Investments LLC’s holdings in Booking were worth $30,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meridiem Capital Partners LP acquired a new stake in shares of Booking during the fourth quarter worth $13,479,000. Minot DeBlois Advisors LLC bought a new position in Booking in the fourth quarter worth about $50,000. Guardian Wealth Advisors LLC NC boosted its stake in Booking by 28.1% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 82 shares of the business services provider’s stock valued at $407,000 after acquiring an additional 18 shares during the period. Gotham Asset Management LLC grew its holdings in shares of Booking by 21.6% during the fourth quarter. Gotham Asset Management LLC now owns 4,384 shares of the business services provider’s stock valued at $21,782,000 after purchasing an additional 779 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Booking during the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BKNG shares. BMO Capital Markets boosted their price target 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. DA Davidson lifted their price target on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Cfra raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Ten equities research 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 company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $5,299.29.

Booking Stock Up 2.4%

Booking stock opened at $5,194.99 on Tuesday. The stock has a 50-day simple moving average of $4,678.10 and a 200 day simple moving average of $4,859.32. The stock has a market capitalization of $169.04 billion, a price-to-earnings ratio of 30.02, a P/E/G 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 issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the business posted $20.39 earnings per share. Booking’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company 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 $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is 23.89%.

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.