Gulf International Bank UK Ltd Has $13.15 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Gulf International Bank UK Ltd decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,647 shares of the business services provider’s stock after selling 31 shares during the period. Gulf International Bank UK Ltd’s holdings in Booking were worth $13,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BKNG. Pallas Capital Advisors LLC grew its stake in shares of Booking by 36.5% in the third quarter. Pallas Capital Advisors LLC now owns 277 shares of the business services provider’s stock worth $1,202,000 after acquiring an additional 74 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Booking by 1.8% during the third quarter. Integrated Advisors Network LLC now owns 276 shares of the business services provider’s stock worth $1,163,000 after buying an additional 5 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in Booking by 7.8% during the third quarter. Diversify Advisory Services LLC now owns 69 shares of the business services provider’s stock worth $302,000 after buying an additional 5 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Booking by 6.4% during the third quarter. Fidelis Capital Partners LLC now owns 149 shares of the business services provider’s stock worth $643,000 after buying an additional 9 shares in the last quarter. Finally, Deltec Asset Management LLC boosted its stake in Booking by 70.9% during the third quarter. Deltec Asset Management LLC now owns 786 shares of the business services provider’s stock worth $3,311,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.0 %

Shares of NASDAQ:BKNG opened at $5,034.55 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market cap of $165.21 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. The business’s 50 day moving average is $4,900.68 and its 200 day moving average is $4,594.68.

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

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. JMP Securities restated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Benchmark raised their price target on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a report on Friday, February 21st. B. Riley boosted their price target on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Bank of America boosted their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley boosted their price target on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,370.43.

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.