Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Summit Global Investments

Summit Global Investments lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 90.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695 shares of the business services provider’s stock after purchasing an additional 331 shares during the quarter. Summit Global Investments’ holdings in Booking were worth $3,455,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its position in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the period. Promus Capital LLC acquired a new position in Booking in the 4th quarter worth about $35,000. Finally, Roxbury Financial LLC purchased a new position in Booking during the fourth quarter worth approximately $42,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ:BKNG opened at $4,617.26 on Friday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a 50 day moving average price of $4,789.60 and a 200 day moving average price of $4,694.74. The stock has a market capitalization of $151.52 billion, a P/E ratio of 26.68, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. Booking’s dividend payout ratio is 22.19%.

Analyst Ratings Changes

Several research analysts have recently weighed in on BKNG shares. Bank of America upped their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed a “neutral” rating and set a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Barclays raised their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.