Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,102 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Parallel Advisors LLC’s holdings in Booking were worth $15,413,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC boosted its position in Booking by 621,874.8% in 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 buying an additional 864,406 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC grew its stake in Booking by 0.5% during the 3rd 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 in the last quarter. Fisher Asset Management LLC increased its holdings in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after buying an additional 11,649 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Oppenheimer upped their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. UBS Group increased their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald increased their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Up 4.0 %

BKNG stock opened at $4,465.48 on Monday. The company has a market capitalization of $146.53 billion, a P/E ratio of 25.81, a PEG ratio of 1.71 and a beta of 1.40. The company has a 50-day simple moving average of $4,816.74 and a 200 day simple moving average of $4,682.53. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

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, beating 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 during the quarter, compared to analysts’ expectations of $5.18 billion. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is currently 22.19%.

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.