Groupama Asset Managment Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

by · The Cerbat Gem

Groupama Asset Managment bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 462 shares of the business services provider’s stock, valued at approximately $2,306,000.

Other large investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Valley National Advisers Inc. raised its stake in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in Booking in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,685.75 on Wednesday. The business has a 50-day moving average of $4,772.68 and a 200-day moving average of $4,750.56. The stock has a market capitalization of $153.76 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.71 and a beta of 1.40. 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 – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKNG. Barclays lifted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. UBS Group lifted their price objective on Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Friday, March 28th. Mizuho raised their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Erste Group Bank cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Check Out Our Latest Stock Analysis on BKNG

Booking Profile

(Free Report)

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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