Booking Holdings Inc. (NASDAQ:BKNG) is Voloridge Investment Management LLC’s Largest Position

Voloridge Investment Management LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 127.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,785 shares of the business services provider’s stock after purchasing an additional 45,808 shares during the period. Booking makes up 1.4% of Voloridge Investment Management LLC’s holdings, making the stock its biggest position. Voloridge Investment Management LLC’s holdings in Booking were worth $406,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the fourth quarter valued at $25,000. Summit Securities Group LLC purchased a new position in Booking in the fourth quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new position in Booking in the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in Booking in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. JMP Securities boosted their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 30th. Robert W. Baird raised their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. BMO Capital Markets boosted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Ten 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,299.29.

Booking Trading Up 1.1%

NASDAQ BKNG opened at $5,378.00 on Tuesday. The stock has a market cap of $175.00 billion, a PE ratio of 31.08, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,392.21. The stock has a fifty day simple moving average of $4,754.85 and a 200-day simple moving average of $4,885.53.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating 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 company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period last year, the business posted $20.39 EPS. Booking’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

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.