MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,430 shares of the business services provider’s stock after selling 359 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Booking were worth $126,349,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking in the 4th quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new position in shares of Booking in the fourth quarter valued at approximately $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 1.5%

Booking stock opened at $5,086.10 on Monday. The stock has a market cap of $165.50 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company’s 50-day moving average price is $4,672.55 and its two-hundred day moving average price is $4,853.40.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $20.39 earnings per share. Research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BKNG shares. Cantor Fitzgerald dropped their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Robert W. Baird raised their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. JMP Securities boosted their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. Finally, Erste Group Bank cut Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,299.29.

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.