Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Increased by Lbp Am Sa

Lbp Am Sa boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 177.2% during the 4th quarter, HoldingsChannel reports. The firm owned 3,512 shares of the business services provider’s stock after buying an additional 2,245 shares during the quarter. Lbp Am Sa’s holdings in Booking were worth $17,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. lifted its position in Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares during the last quarter. Nordea Investment Management AB lifted its position in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Principal Financial Group Inc. lifted its position in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its position in Booking by 160.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock valued at $6,459,000 after purchasing an additional 800 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

BKNG stock opened at $4,295.40 on Friday. The stock has a market cap of $140.95 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.71 and a beta of 1.40. The firm has a 50 day simple moving average of $4,825.51 and a 200 day simple moving average of $4,666.88. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking (NASDAQ:BKNG) last posted 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 analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current 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 paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.89%. Booking’s payout ratio is 22.19%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BKNG shares. B. Riley raised their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark raised their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird started coverage on shares of Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average 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.