Quantbot Technologies LP Invests $2.49 Million in Booking Holdings Inc. (NASDAQ:BKNG)

Quantbot Technologies LP purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 502 shares of the business services provider’s stock, valued at approximately $2,494,000.

A number of other large investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking in the fourth quarter worth approximately $25,000. Promus Capital LLC bought a new stake in shares of Booking in the fourth quarter worth approximately $35,000. Valley National Advisers Inc. grew its position in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the period. Finally, Roxbury Financial LLC bought a new stake in Booking during the fourth quarter valued at approximately $42,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Mizuho boosted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. 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. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer boosted 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 report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Up 0.6 %

Booking stock opened at $4,617.26 on Friday. The firm has a 50-day moving average price of $4,789.60 and a 200-day moving average price of $4,700.90. The firm has a market capitalization of $151.52 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 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.