Blueshift Asset Management LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Blueshift Asset Management LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 80.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126 shares of the business services provider's stock after selling 518 shares during the period. Blueshift Asset Management LLC's holdings in Booking were worth $626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking in the 4th quarter valued at approximately $25,000. Promus Capital LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $35,000. Valley National Advisers Inc. boosted 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 valued at $36,000 after purchasing an additional 6 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of Booking in the 4th quarter worth about $42,000. Institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Mizuho lifted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Cantor Fitzgerald increased their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.

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Booking Trading Up 1.4 %

NASDAQ BKNG traded up $68.19 on Tuesday, hitting $4,777.91. 264,914 shares of the company traded hands, compared to its average volume of 232,592. The business's 50 day moving average price is $4,788.52 and its 200-day moving average price is $4,713.79. The company has a market capitalization of $156.79 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.80%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking's dividend payout ratio (DPR) is presently 22.19%.

Booking 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.