Bessemer Group Inc. Sells 1,028 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Bessemer Group Inc. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,246 shares of the business services provider's stock after selling 1,028 shares during the quarter. Bessemer Group Inc. owned approximately 0.21% of Booking worth $344,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in Booking in the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking in the fourth quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

BKNG traded up $1.35 on Monday, hitting $4,587.88. 112,404 shares of the stock were exchanged, compared to its average volume of 247,870. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market capitalization of $150.55 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.71 and a beta of 1.37. The business has a 50-day moving average of $4,715.54 and a two-hundred day moving average of $4,769.51.

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Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Equities research 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $9.60 per share. This is an increase from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio is currently 22.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities reduced their target price on shares of Booking from $6,100.00 to $5,600.00 and set a "market outperform" rating for the company in a research note on Wednesday, April 9th. StockNews.com cut Booking from a "buy" rating to a "hold" rating in a research report on Thursday. Royal Bank of Canada boosted their target price on Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. UBS Group upped their price target on Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald lifted their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,327.28.

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.