Cynosure Group LLC Has $313,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Cynosure Group LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 41.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63 shares of the business services provider’s stock after selling 44 shares during the quarter. Cynosure Group LLC’s holdings in Booking were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on BKNG shares. Wedbush raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Cantor Fitzgerald raised their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Citigroup upped their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada raised their price target 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. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Ten investment 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 company’s stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Price Performance

Booking stock opened at $4,689.30 on Thursday. The company’s 50-day moving average is $4,774.08 and its 200-day moving average is $4,750.13. The firm has a market capitalization of $153.88 billion, a PE ratio of 27.10, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

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