Bryce Point Capital LLC Makes New $547,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Bryce Point Capital LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 110 shares of the business services provider’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank purchased a new stake in shares of Booking in the fourth quarter valued at $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after acquiring an additional 95,308 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of Booking during the 4th quarter worth about $207,089,000. Finally, Bryn Mawr Capital Management LLC boosted its stake in shares of Booking by 3,940.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after purchasing an additional 37,477 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. B. Riley raised their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Bank of America increased their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Citigroup upped their price objective on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

Booking stock opened at $4,689.30 on Thursday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a fifty day moving average price of $4,774.08 and a 200-day moving average price of $4,750.13. The stock has a market capitalization of $153.88 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Booking 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.