Booking Holdings Inc. (NASDAQ:BKNG) is Geo Capital Gestora de Recursos Ltd’s 10th Largest Position

Geo Capital Gestora de Recursos Ltd grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 6,350.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 903 shares of the business services provider’s stock after buying an additional 889 shares during the quarter. Booking accounts for approximately 3.6% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 10th biggest position. Geo Capital Gestora de Recursos Ltd’s holdings in Booking were worth $3,203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Booking in the fourth quarter valued at approximately $1,742,160,000. Pacer Advisors Inc. lifted its stake in Booking by 2,479.0% in the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after buying an additional 112,249 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Booking in the fourth quarter valued at approximately $3,774,850,000. BlueSpruce Investments LP purchased a new stake in Booking in the fourth quarter valued at approximately $220,080,000. Finally, Morningstar Investment Services LLC lifted its stake in Booking by 96.3% in the fourth quarter. Morningstar Investment Services LLC now owns 113,572 shares of the business services provider’s stock valued at $403,233,000 after buying an additional 55,716 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booking news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares of the company’s stock, valued at approximately $649,640.25. The disclosure for this sale can be found here. Insiders sold 1,021 shares of company stock worth $3,617,852 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Booking Price Performance

NASDAQ:BKNG traded up $2.96 during midday trading on Friday, reaching $3,859.10. 143,721 shares of the company traded hands, compared to its average volume of 195,266. Booking Holdings Inc. has a twelve month low of $2,587.18 and a twelve month high of $3,918.00. The firm has a market capitalization of $130.94 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The company has a fifty day moving average price of $3,667.16 and a 200 day moving average price of $3,571.31.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the firm posted $11.60 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 178.54 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.91%. Booking’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Royal Bank of Canada increased their price target on Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. increased their price target on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Benchmark reaffirmed a “hold” rating on shares of Booking in a report on Friday, May 3rd. Finally, Barclays decreased their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,902.54.

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.