Vinva Investment Management Ltd Has $10.19 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Vinva Investment Management Ltd raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 10.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,042 shares of the business services provider’s stock after acquiring an additional 187 shares during the quarter. Vinva Investment Management Ltd’s holdings in Booking were worth $10,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mogy Joel R Investment Counsel Inc. boosted its stake in shares of Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after purchasing an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG stock opened at $4,471.51 on Wednesday. The firm has a 50-day moving average of $4,803.32 and a 200-day moving average of $4,691.22. The company has a market cap of $146.73 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business 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 dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.86%. 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 22.19%.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. Cantor Fitzgerald upped their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. B. Riley upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Piper Sandler reissued a “neutral” rating and set a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Finally, Erste Group Bank lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.