Zevenbergen Capital Investments LLC Has $15.38 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Zevenbergen Capital Investments LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,096 shares of the business services provider’s stock after selling 70 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Booking were worth $15,382,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BKNG. Prospera Financial Services Inc raised its holdings in shares of Booking by 88.8% in the third quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider’s stock valued at $708,000 after purchasing an additional 79 shares during the last quarter. Raymond James Trust N.A. increased its stake in Booking by 0.5% in the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock valued at $2,788,000 after buying an additional 3 shares during the last quarter. Stonebrook Private Inc. bought a new stake in Booking during the 3rd quarter worth about $202,000. Cerity Partners LLC boosted its stake in shares of Booking by 10.7% during the 3rd quarter. Cerity Partners LLC now owns 11,066 shares of the business services provider’s stock worth $46,613,000 after buying an additional 1,074 shares during the last quarter. Finally, Algert Global LLC raised its position in Booking by 1,023.1% during the third quarter. Algert Global LLC now owns 1,314 shares of the business services provider’s stock worth $5,535,000 after acquiring an additional 1,197 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Benchmark increased their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Piper Sandler reaffirmed a “neutral” rating and issued a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a report on Friday, February 21st. Finally, B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Eleven 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Up 0.6 %

Shares of NASDAQ BKNG opened at $4,617.26 on Monday. The stock has a market capitalization of $151.52 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a 50-day simple moving average of $4,789.60 and a 200-day simple moving average of $4,707.25.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS 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 company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is currently 22.19%.

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.