NEOS Investment Management LLC Has $13.52 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

NEOS Investment Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 36.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,721 shares of the business services provider’s stock after acquiring an additional 728 shares during the quarter. NEOS Investment Management LLC’s holdings in Booking were worth $13,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Booking in the third quarter worth approximately $114,000. Private Trust Co. NA raised its holdings in shares of Booking by 43.4% during the 3rd quarter. Private Trust Co. NA now owns 175 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 53 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Booking by 13.0% in the 3rd quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 24 shares during the last quarter. Avestar Capital LLC boosted its holdings in Booking by 4.0% in the third quarter. Avestar Capital LLC now owns 208 shares of the business services provider’s stock worth $876,000 after purchasing an additional 8 shares in the last quarter. Finally, Townsquare Capital LLC increased its position in Booking by 24.3% during the third quarter. Townsquare Capital LLC now owns 4,618 shares of the business services provider’s stock worth $19,453,000 after buying an additional 903 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 0.3 %

Shares of Booking stock opened at $4,764.16 on Thursday. The stock has a market capitalization of $156.34 billion, a P/E ratio of 27.53, 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. The company has a 50-day simple moving average of $4,787.19 and a 200 day simple moving average of $4,721.46.

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, beating analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.81%. 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 is presently 22.19%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BKNG shares. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. UBS Group lifted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Piper Sandler restated a “neutral” rating and issued a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Benchmark raised their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho boosted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Eleven research 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 company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.