45 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Foster Group Inc.

Foster Group Inc. acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 1st quarter, HoldingsChannel reports. The firm acquired 45 shares of the business services provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Europe London LLP acquired a new stake in shares of Booking during the 4th quarter worth approximately $15,054,000. Sequoia Financial Advisors LLC increased its stake in Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock worth $4,495,000 after acquiring an additional 153 shares during the last quarter. Alberta Investment Management Corp increased its stake in Booking by 160.0% during the fourth quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock worth $6,459,000 after acquiring an additional 800 shares during the last quarter. Hickory Asset Management Inc. acquired a new stake in Booking during the fourth quarter worth $1,624,000. Finally, Realta Investment Advisors acquired a new stake in Booking during the fourth quarter worth $520,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKNG. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Barclays lifted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Piper Sandler dropped their price target on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, DA Davidson lifted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,377.33.

Booking Stock Performance

BKNG stock opened at $5,614.61 on Friday. The company’s 50 day moving average price is $4,990.30 and its 200 day moving average price is $4,933.48. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70. The firm has a market capitalization of $182.70 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data 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 net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the firm posted $20.39 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast 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. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 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.