Interval Partners LP Has $1.59 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Interval Partners LP lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 319 shares of the business services provider’s stock after selling 57 shares during the quarter. Interval Partners LP’s holdings in Booking were worth $1,585,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BKNG. Proficio Capital Partners LLC grew its stake 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 valued at $4,295,423,000 after acquiring an additional 864,406 shares during the period. Geode Capital Management LLC grew its stake in Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock valued at $3,986,244,000 after acquiring an additional 6,009 shares during the period. Norges Bank acquired a new position in Booking in the fourth quarter valued at about $1,958,352,000. Northern Trust Corp grew its stake in Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after acquiring an additional 58,357 shares during the period. Finally, Sanders Capital LLC grew its stake in Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider’s stock valued at $1,416,318,000 after acquiring an additional 3,926 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $5,086.10 on Monday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $165.50 billion, a P/E ratio of 29.39, a PEG ratio of 1.71 and a beta of 1.42. The stock has a 50-day simple moving average of $4,672.55 and a 200 day simple moving average of $4,853.40.

Booking (NASDAQ:BKNG) last posted its quarterly 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 negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the company posted $20.39 earnings per share. Booking’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is currently 23.89%.

Analysts Set New Price Targets

BKNG has been the subject of a number of research analyst reports. JMP Securities boosted their target price on Booking from $5,600.00 to $5,700.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 30th. Barclays boosted their target price on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. UBS Group decreased their target price on Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, DA Davidson increased their target price on Booking from $5,005.00 to $5,800.00 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 have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5,299.29.

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.