Ted Buchan & Co Purchases 41 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ted Buchan & Co raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 20.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 246 shares of the business services provider’s stock after acquiring an additional 41 shares during the period. Ted Buchan & Co’s holdings in Booking were worth $1,222,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after acquiring an additional 864,406 shares in the last quarter. Norges Bank bought a new stake in Booking in the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Booking by 51.4% during the 4th 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 in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Booking in the 4th quarter worth approximately $207,089,000. Finally, Bryn Mawr Capital Management LLC grew its holdings in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock valued at $190,926,000 after acquiring an additional 37,477 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,284.02 on Friday. The firm’s 50 day simple moving average is $4,757.12 and its 200-day simple moving average is $4,750.17. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market capitalization of $140.58 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its earnings results 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. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is currently 22.19%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. B. Riley lifted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group raised their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. Finally, Piper Sandler restated a “neutral” rating and set a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5,374.90.

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.