Distillate Capital Partners LLC Sells 1,036 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Distillate Capital Partners LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,924 shares of the business services provider's stock after selling 1,036 shares during the quarter. Booking accounts for about 1.4% of Distillate Capital Partners LLC's portfolio, making the stock its 12th largest position. Distillate Capital Partners LLC's holdings in Booking were worth $29,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in Booking during the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in Booking in the fourth quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. raised its holdings in 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 purchasing an additional 6 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wells Fargo & Company dropped their price target on Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Piper Sandler reiterated a "neutral" rating and issued a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. B. Riley raised their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,327.28.

Remove Ads

Booking Price Performance

BKNG stock traded down $29.69 during midday trading on Monday, reaching $4,556.84. 288,049 shares of the company's stock traded hands, compared to its average volume of 248,546. The business has a 50-day moving average price of $4,712.69 and a two-hundred day moving average price of $4,771.67. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a market capitalization of $149.53 billion, a P/E ratio of 26.33, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal 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 paid a $9.60 dividend. This is an increase from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, March 7th. Booking's payout ratio is presently 22.19%.

Booking Company 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.