Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,721 shares of the business services provider’s stock after acquiring an additional 728 shares during the quarter. NEOS Investment Management LLC’s holdings in Booking were worth $13,519,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of 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 buying an additional 864,406 shares during the last quarter. Geode Capital Management LLC raised its holdings in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after acquiring an additional 2,321 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Booking by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider’s stock worth $1,064,161,000 after purchasing an additional 4,258 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Down 0.3 %

Shares of NASDAQ BKNG opened at $4,764.16 on Thursday. 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 50-day moving average of $4,787.19 and a two-hundred day moving average of $4,721.46. The company has a market capitalization of $156.34 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s payout ratio is presently 22.19%.

Analysts Set New Price Targets

Several brokerages have recently commented on BKNG. Piper Sandler reaffirmed a “neutral” rating and set a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Cantor Fitzgerald lifted 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. BMO Capital Markets increased their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Royal Bank of Canada lifted their target price on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, B. Riley increased their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.