Jump Financial LLC Has $3.84 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Jump Financial LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 772 shares of the business services provider’s stock after selling 40 shares during the quarter. Jump Financial LLC’s holdings in Booking were worth $3,836,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BKNG. Covestor Ltd increased its holdings in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC grew its holdings in shares of Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock valued at $472,000 after buying an additional 2 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in Booking by 7.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after buying an additional 3 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted its position in Booking by 4.9% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock worth $318,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of several analyst reports. UBS Group raised their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research note on Friday, February 21st. DA Davidson lifted their target price on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company decreased their price target on Booking from $5,248.00 to $4,567.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. JMP Securities reduced their target price on Booking from $6,100.00 to $5,600.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Booking from $5,750.00 to $4,850.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Eleven investment 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,285.55.

Booking Stock Down 1.6 %

BKNG stock opened at $4,540.84 on Thursday. The stock’s 50 day moving average is $4,702.41 and its 200-day moving average is $4,768.98. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $149.01 billion, a PE ratio of 26.24, a P/E/G ratio of 1.71 and a beta of 1.37.

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

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.85%. Booking’s dividend payout ratio (DPR) is 22.19%.

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.