Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,531 shares of the business services provider’s stock after selling 8 shares during the period. Jacobs & Co. CA’s holdings in Booking were worth $7,053,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its position in Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC raised its stake in shares of Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares during the period. Belpointe Asset Management LLC raised its stake in shares of Booking by 2.2% during the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares during the period. Elequin Capital LP lifted its position in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after buying an additional 2 shares in the last quarter. Finally, Gries Financial LLC grew its stake in Booking by 2.5% in the 4th quarter. Gries Financial LLC now owns 123 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKNG. Citigroup upped their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. UBS Group reduced their price target on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. B. Riley lifted their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on Booking from $5,750.00 to $4,850.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,299.29.

Booking Stock Up 0.4%

Shares of Booking stock opened at $5,475.26 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,558.28. The company has a market capitalization of $178.16 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.71 and a beta of 1.42. The company has a 50 day moving average of $4,873.74 and a 200 day moving average of $4,907.67.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm posted $20.39 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is 23.89%.

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.