Booking Holdings Inc. (NASDAQ:BKNG) is Totem Point Management LLC’s 4th Largest Position

Totem Point Management LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 76.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,907 shares of the business services provider’s stock after buying an additional 826 shares during the quarter. Booking comprises approximately 10.0% of Totem Point Management LLC’s holdings, making the stock its 4th biggest position. Totem Point Management LLC’s holdings in Booking were worth $9,475,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings 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 acquiring an additional 864,406 shares in the last quarter. Geode Capital Management LLC lifted its stake in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock valued at $3,986,244,000 after buying an additional 6,009 shares in the last quarter. Norges Bank acquired a new stake in Booking during the 4th quarter valued at $1,958,352,000. Sanders Capital LLC increased its position in Booking by 1.4% during the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider’s stock worth $1,416,318,000 after buying an additional 3,926 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after acquiring an additional 95,308 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 3.6 %

BKNG stock opened at $4,598.08 on Wednesday. The firm’s 50-day simple moving average is $4,669.30 and its 200 day simple moving average is $4,784.40. The stock has a market cap of $150.89 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $5.18 billion. Equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. B. Riley boosted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays raised their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, StockNews.com cut Booking from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Eleven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,278.66.

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.