Nissay Asset Management Corp Japan ADV Has $37.75 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Nissay Asset Management Corp Japan ADV increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,494 shares of the business services provider’s stock after acquiring an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Booking were worth $37,750,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. increased its holdings in shares of Booking by 16.4% during 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 acquiring an additional 264 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after purchasing an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Booking by 6.7% during 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 period. Alberta Investment Management Corp boosted its stake in Booking by 160.0% during 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 period. Finally, Hickory Asset Management Inc. bought a new stake in Booking during the 4th quarter valued at approximately $1,624,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 1.3%

Shares of Booking stock opened at $5,262.42 on Wednesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business has a fifty day simple moving average of $4,689.43 and a 200 day simple moving average of $4,862.12. The stock has a market cap of $171.24 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $20.39 earnings per share. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.73%. Booking’s dividend payout ratio is presently 23.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their target price on Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. BTIG Research upgraded Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Piper Sandler reduced their price objective on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. 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, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $5,299.29.

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.