Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210 shares of the business services provider’s stock after purchasing an additional 3 shares during the period. Quadrant Capital Group LLC’s holdings in Booking were worth $1,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the fourth quarter worth about $25,000. Summit Securities Group LLC purchased a new position in Booking in the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new stake in Booking during the 4th quarter valued at approximately $35,000. Finally, Valley National Advisers Inc. increased its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent analyst reports. DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush raised their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. Benchmark increased their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,374.90.

Booking Trading Down 3.7 %

NASDAQ:BKNG opened at $4,284.02 on Monday. The stock has a market capitalization of $140.58 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a 50 day moving average of $4,757.12 and a 200-day moving average of $4,760.24.

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

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 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.