Waterloo Capital L.P. Has $875,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Waterloo Capital L.P. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176 shares of the business services provider’s stock after buying an additional 7 shares during the period. Waterloo Capital L.P.’s holdings in Booking were worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in Booking by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 210 shares of the business services provider’s stock valued at $1,043,000 after purchasing an additional 3 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Booking by 28.6% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 4,500 shares of the business services provider’s stock valued at $22,358,000 after purchasing an additional 1,000 shares during the last quarter. Ted Buchan & Co increased its position in shares of Booking by 20.0% during the fourth quarter. Ted Buchan & Co now owns 246 shares of the business services provider’s stock worth $1,222,000 after buying an additional 41 shares during the period. Wedbush Securities Inc. raised its stake in Booking by 0.5% during the fourth quarter. Wedbush Securities Inc. now owns 822 shares of the business services provider’s stock worth $4,082,000 after buying an additional 4 shares during the last quarter. Finally, Katamaran Capital LLP acquired a new position in Booking in the fourth quarter valued at $2,335,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,284.02 on Monday. The business’s fifty day moving average is $4,757.12 and its 200-day moving average is $4,760.24. The stock has a market capitalization of $140.58 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.71 and a beta of 1.37. 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 posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) 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 expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $9.60 dividend. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, March 7th. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKNG. Royal Bank of Canada lifted their price objective on Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Piper Sandler reissued a “neutral” rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. DA Davidson boosted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, UBS Group raised their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,374.90.

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.