Timucuan Asset Management Inc. FL Sells 13,911 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Timucuan Asset Management Inc. FL reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,278 shares of the business services provider's stock after selling 13,911 shares during the quarter. Booking accounts for 7.5% of Timucuan Asset Management Inc. FL's investment portfolio, making the stock its 4th largest position. Timucuan Asset Management Inc. FL owned 0.15% of Booking worth $244,832,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in BKNG. Proficio Capital Partners LLC boosted its stake in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC boosted its position in Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after buying an additional 6,009 shares during the period. Norges Bank acquired a new position in shares of Booking in the fourth quarter worth $1,958,352,000. Arrowstreet Capital Limited Partnership increased its position in shares of Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after acquiring an additional 95,308 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Booking by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider's stock valued at $1,064,161,000 after acquiring an additional 4,258 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

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Booking Trading Down 0.6 %

Shares of Booking stock traded down $29.69 on Monday, reaching $4,556.84. 288,049 shares of the stock were exchanged, compared to its average volume of 248,554. The firm has a market capitalization of $149.53 billion, a PE ratio of 26.33, a PEG ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a fifty day moving average price of $4,715.54 and a two-hundred day moving average price of $4,769.51.

Booking (NASDAQ:BKNG - Get Free Report) last released its 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. The company had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $9.60 per share. This is a positive change 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 payout ratio is presently 22.19%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BKNG. Wedbush upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. DA Davidson upped their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research note on Friday, April 4th. Piper Sandler reissued a "neutral" rating and issued a $5,120.00 price objective (up from $4,900.00) on shares of Booking 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 stock a "neutral" rating in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,327.28.

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.