Point72 Europe London LLP Acquires New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Point72 Europe London LLP bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, HoldingsChannel reports. The fund bought 3,030 shares of the business services provider’s stock, valued at approximately $15,054,000.

Other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC raised its stake in Booking by 36.5% during the fourth quarter. Capital Investment Advisors LLC now owns 86 shares of the business services provider’s stock valued at $426,000 after buying an additional 23 shares in the last quarter. Miracle Mile Advisors LLC grew its position in Booking by 26.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 348 shares of the business services provider’s stock valued at $1,729,000 after buying an additional 72 shares in the last quarter. Marcum Wealth LLC boosted its stake in Booking by 3.5% during the 4th quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 3 shares in the last quarter. Realta Investment Advisors purchased a new position in Booking in the 4th quarter worth about $520,000. Finally, Signal Advisors Wealth LLC boosted its position in shares of Booking by 17.9% in the fourth quarter. Signal Advisors Wealth LLC now owns 66 shares of the business services provider’s stock worth $329,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JMP Securities raised their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 30th. Piper Sandler reduced their target price on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. UBS Group lowered their price target on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating on the stock in a report on Monday, April 28th. B. Riley increased their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Cfra raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. 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 company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,299.29.

Booking Stock Down 0.9%

BKNG opened at $5,216.55 on Thursday. The stock has a market cap of $169.75 billion, a P/E ratio of 30.15, a PEG ratio of 1.71 and a beta of 1.42. The business has a fifty day moving average of $4,700.30 and a 200 day moving average of $4,864.57. 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 issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm earned $20.39 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate 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. Stockholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Booking Company 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.