Sava Infond d.o.o. Invests $5.57 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Sava Infond d.o.o. acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,121 shares of the business services provider’s stock, valued at approximately $5,570,000. Booking accounts for 1.0% of Sava Infond d.o.o.’s investment portfolio, making the stock its 20th largest position.

Several other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Booking during the 3rd quarter valued at about $114,000. Private Trust Co. NA lifted its stake in Booking by 43.4% in the third quarter. Private Trust Co. NA now owns 175 shares of the business services provider’s stock valued at $738,000 after acquiring an additional 53 shares during the last quarter. D.A. Davidson & CO. grew its position in Booking by 13.0% in the third quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock worth $876,000 after acquiring an additional 24 shares in the last quarter. Avestar Capital LLC increased its stake in shares of Booking by 4.0% during the 3rd quarter. Avestar Capital LLC now owns 208 shares of the business services provider’s stock worth $876,000 after purchasing an additional 8 shares during the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of Booking by 24.3% during the 3rd quarter. Townsquare Capital LLC now owns 4,618 shares of the business services provider’s stock valued at $19,453,000 after purchasing an additional 903 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. B. Riley upped their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush increased their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Cantor Fitzgerald raised their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

BKNG opened at $4,764.16 on Thursday. The business has a 50 day simple moving average of $4,787.19 and a two-hundred day simple moving average of $4,721.46. The firm has a market capitalization of $156.34 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.81%. Booking’s dividend payout ratio is presently 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.