Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Corebridge Financial Inc.

Corebridge Financial Inc. lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,796 shares of the business services provider’s stock after purchasing an additional 26 shares during the quarter. Corebridge Financial Inc.’s holdings in Booking were worth $58,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth $25,000. Promus Capital LLC acquired a new position in Booking during the fourth quarter worth $35,000. Valley National Advisers Inc. lifted its holdings 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 purchasing an additional 6 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Booking in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BKNG shares. B. Riley upped their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Cfra raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Benchmark lifted their price target on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $4,617.26 on Monday. The firm has a 50-day simple moving average of $4,789.60 and a two-hundred day simple moving average of $4,707.25. The stock has a market cap of $151.52 billion, a PE ratio of 26.68, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate 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 expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend 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%.

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.