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

Vinva Investment Management Ltd lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,042 shares of the business services provider’s stock after purchasing an additional 187 shares during the period. Vinva Investment Management Ltd’s holdings in Booking were worth $10,191,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Bestgate Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter worth about $234,000. Stokes Family Office LLC acquired a new position in shares of Booking during the 4th quarter worth about $219,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Booking by 0.6% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,968 shares of the business services provider’s stock worth $54,494,000 after purchasing an additional 62 shares during the last quarter. Trillium Asset Management LLC acquired a new position in shares of Booking during the 4th quarter worth about $2,693,000. Finally, Enhancing Capital LLC acquired a new position in shares of Booking during the 4th quarter worth about $507,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on BKNG shares. Robert W. Baird started coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price for the company. DA Davidson lifted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. B. Riley lifted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

BKNG stock opened at $4,471.51 on Wednesday. The company has a 50 day simple moving average of $4,803.32 and a 200 day simple moving average of $4,691.22. The stock has a market cap of $146.73 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last released 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. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, equities research analysts anticipate 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 will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.86%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s dividend payout ratio is currently 22.19%.

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.