Federated Hermes Inc. Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Federated Hermes Inc. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,907 shares of the business services provider's stock after selling 349 shares during the quarter. Federated Hermes Inc.'s holdings in Booking were worth $9,475,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BKNG. Optimist Retirement Group LLC increased its holdings in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock worth $383,000 after buying an additional 2 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in Booking by 7.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider's stock valued at $229,000 after purchasing an additional 3 shares in the last quarter. Marcum Wealth LLC boosted its position in Booking by 3.5% in the 4th quarter. Marcum Wealth LLC now owns 89 shares of the business services provider's stock valued at $443,000 after buying an additional 3 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its stake in Booking by 4.9% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock valued at $318,000 after purchasing an additional 3 shares in the last quarter. Finally, LexAurum Advisors LLC raised its holdings in Booking by 6.0% in the fourth quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider's stock valued at $263,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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Booking Trading Up 1.0 %

NASDAQ BKNG traded up $44.11 during trading on Tuesday, hitting $4,600.95. The company had a trading volume of 135,336 shares, compared to its average volume of 248,127. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company's fifty day moving average is $4,712.69 and its 200-day moving average is $4,771.67. The company has a market cap of $150.98 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last released 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 business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's payout ratio is presently 22.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. B. Riley lifted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Benchmark upped their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. BMO Capital Markets upped their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their target price on Booking from $5,248.00 to $4,567.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Finally, Barclays lifted their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. 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 data from MarketBeat.com, the stock currently has a consensus 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.