Aquatic Capital Management LLC Sells 491 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Aquatic Capital Management LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,919 shares of the business services provider's stock after selling 491 shares during the quarter. Booking makes up 1.1% of Aquatic Capital Management LLC's investment portfolio, making the stock its 4th largest position. Aquatic Capital Management LLC's holdings in Booking were worth $39,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.4 %

NASDAQ:BKNG traded up $19.28 on Tuesday, reaching $4,909.23. The stock had a trading volume of 370,780 shares, compared to its average volume of 251,444. The company has a 50-day moving average of $4,648.23 and a 200 day moving average of $4,804.01. The stock has a market cap of $160.24 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $20.39 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $9.60 dividend. This is a boost from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio is presently 22.19%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group cut their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday. Wedbush boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Morgan Stanley cut their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their price target on Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. Finally, B. Riley boosted their price target on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Eleven research 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,263.28.

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.