May Hill Capital LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

May Hill Capital LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 103 shares of the business services provider’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after buying an additional 864,406 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares during the last quarter. Norges Bank bought a new position in shares of Booking in the fourth quarter valued at approximately $1,958,352,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.6 %

Shares of NASDAQ BKNG opened at $4,606.91 on Tuesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a 50-day moving average of $4,772.70 and a two-hundred day moving average of $4,745.26. The company has a market cap of $151.18 billion, a PE ratio of 26.62, a P/E/G ratio of 1.71 and a beta of 1.40.

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

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $9.60 per share. The ex-dividend date was Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. Booking’s dividend payout ratio is presently 22.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BKNG shares. Piper Sandler reiterated a “neutral” rating and issued a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada increased their price objective on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Ten research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

About Booking

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.