Booking Holdings (NASDAQ:BKNG) has recently announced it will be increasing its annual dividend to $9.60. The firm has been the subject of several financial moves, with various investment firms and high-profile investors adjusting their stakes. Hosking Partners LLP now regards it as its 6th largest position, while Los Angeles Capital Management and Todd Asset Management have both increased their holdings. A significant stock selling event occurred, with U S Global Investors and Cumberland Partners both reducing holdings. An AI initiative from Booking Holdings aims to secure a competitive edge in the future of travel bookings as demand remains steady. This has seen the stock gain traction following robust Q4 results. Among the earnings highlights, the company's revenues outpaced expectations, although EPS fell short. Numerous price target adjustments have been noted recently, with BofA and Morgan Stanley both increasing their targets. The company’s Q4 report attracted positive market sentiments, which manifested in a stock price rise despite some market gains. Industry pundits have noted the strong momentum the stock currently enjoys and hailed it as one of the best-performing travel service stocks for the coming years.
Booking Holdings BKNG News Analytics from Sun, 13 Oct 2024 07:00:00 GMT to Sat, 01 Mar 2025 13:33:07 GMT -
Innovation 3
- Rumor 1
