Nicolet Advisory Services LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2.1% during the fourth quarter, HoldingsChannel reports. The fund owned 236 shares of the business services provider’s stock after selling 5 shares during the period. Nicolet Advisory Services LLC’s holdings in Booking were worth $1,119,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its position in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after buying an additional 6,009 shares in the last quarter. Norges Bank bought a new position in shares of Booking in the fourth quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Booking by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider’s stock valued at $1,064,161,000 after acquiring an additional 4,258 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have commented on BKNG. Citigroup increased their target price on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Erste Group Bank cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Cantor Fitzgerald boosted their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their target price on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.
Booking Stock Performance
Shares of BKNG stock opened at $4,689.30 on Thursday. The stock has a fifty day simple moving average of $4,774.08 and a two-hundred day simple moving average of $4,750.13. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $153.88 billion, a PE ratio of 27.10, a PEG ratio of 1.71 and a beta of 1.40.
Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio 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.
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