Sava Infond d.o.o. Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Sava Infond d.o.o. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,121 shares of the business services provider’s stock, valued at approximately $5,570,000. Booking comprises 1.0% of Sava Infond d.o.o.’s investment portfolio, making the stock its 20th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 864,406 shares during the period. Geode Capital Management LLC raised its position in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after buying an additional 11,211 shares during the last quarter. Janus Henderson Group PLC raised its position in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after acquiring an additional 11,649 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Booking by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider’s stock valued at $1,064,161,000 after acquiring an additional 4,258 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. B. Riley upped their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Oppenheimer increased their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wedbush upped their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 0.3 %

Shares of BKNG opened at $4,764.16 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market cap of $156.34 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40. The business’s 50 day moving average is $4,787.19 and its two-hundred day moving average is $4,721.46.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates 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 analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be 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 dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is presently 22.19%.

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.