Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by HS Management Partners LLC

HS Management Partners LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,268 shares of the business services provider's stock after selling 8,635 shares during the quarter. Booking makes up about 4.5% of HS Management Partners LLC's portfolio, making the stock its 11th biggest position. HS Management Partners LLC's holdings in Booking were worth $65,921,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the fourth quarter worth about $25,000. Promus Capital LLC purchased a new stake in Booking in the fourth quarter worth about $35,000. Valley National Advisers Inc. grew its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Finally, Addison Advisors LLC increased its position in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after purchasing an additional 4 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BKNG shares. Barclays upped their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Cfra raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. B. Riley lifted 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. Bank of America upped their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Finally, DA Davidson lifted their target price on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5,370.43.

Remove Ads

Booking Trading Down 0.5 %

Shares of NASDAQ BKNG traded down $22.59 during trading on Friday, reaching $4,673.38. 296,899 shares of the company traded hands, compared to its average volume of 279,607. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market cap of $153.36 billion, a P/E ratio of 27.01, a PEG ratio of 1.71 and a beta of 1.40. The firm's fifty day simple moving average is $4,872.56 and its 200 day simple moving average is $4,662.88.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $5.18 billion. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. 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 0.82%. Booking's dividend payout ratio is 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.