Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 65.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,293 shares of the business services provider’s stock after acquiring an additional 909 shares during the period. Tower Research Capital LLC TRC’s holdings in Booking were worth $11,393,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BKNG. Passumpsic Savings Bank raised its stake in Booking by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider’s stock valued at $2,944,000 after purchasing an additional 18 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Booking by 268.5% in the 3rd quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider’s stock valued at $10,147,000 after purchasing an additional 1,756 shares during the period. World Investment Advisors LLC increased its position in shares of Booking by 3,561.9% during the 3rd quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider’s stock worth $12,955,000 after purchasing an additional 2,992 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Booking by 27.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider’s stock worth $6,529,000 after buying an additional 335 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its position in Booking by 404.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock valued at $1,933,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BKNG shares. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 target price for the company in a research note on Friday, April 4th. 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 report on Friday, February 21st. Cantor Fitzgerald decreased their price objective on Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a report on Wednesday. B. Riley lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley cut their target price on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5,278.66.

Booking Stock Up 0.7 %

Shares of BKNG stock opened at $4,573.31 on Friday. 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 $150.07 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The business has a 50-day simple moving average of $4,689.13 and a 200-day simple moving average of $4,779.24.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion during 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%. Sell-side analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $9.60 per share. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 7th. Booking’s dividend payout ratio (DPR) is presently 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.