Versor Investments LP Has $512,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Versor Investments LP trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 68.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103 shares of the business services provider’s stock after selling 224 shares during the period. Versor Investments LP’s holdings in Booking were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Gladstone Institutional Advisory LLC grew its position in Booking by 27.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 718 shares of the business services provider’s stock worth $3,025,000 after buying an additional 154 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Booking by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 478 shares of the business services provider’s stock worth $2,015,000 after acquiring an additional 26 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $315,000. VELA Investment Management LLC increased its position in shares of Booking by 55.6% during the third quarter. VELA Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $1,415,000 after purchasing an additional 120 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in shares of Booking by 3.5% in the third quarter. Princeton Global Asset Management LLC now owns 775 shares of the business services provider’s stock valued at $3,265,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Mizuho upped 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 note on Thursday, December 19th. Oppenheimer raised their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays lifted their price objective on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Morgan Stanley increased their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Up 2.0 %

Booking stock opened at $5,016.01 on Friday. The company has a market cap of $164.60 billion, a PE ratio of 28.99, a PEG ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company’s 50-day moving average is $4,898.79 and its two-hundred day moving average is $4,615.15.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.18 billion. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 7th. 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.