Intellectus Partners LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 58.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102 shares of the business services provider's stock after selling 142 shares during the period. Intellectus Partners LLC's holdings in Booking were worth $507,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC increased its position in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after acquiring an additional 233,052 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of Booking during the fourth quarter worth about $207,089,000. Bryn Mawr Capital Management LLC raised its holdings in shares of Booking by 3,940.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider's stock worth $190,926,000 after acquiring an additional 37,477 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new position in Booking in the 3rd quarter valued at about $155,427,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Tigress Financial upped their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research note on Monday, November 18th. Citigroup lifted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada upped their target price on Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Finally, Morgan Stanley upped their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.
Read Our Latest Analysis on Booking
Booking Price Performance
NASDAQ:BKNG traded down $22.59 during trading hours on Friday, hitting $4,673.38. The company had a trading volume of 296,899 shares, compared to its average volume of 279,607. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization of $153.36 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock has a 50-day moving average price of $4,872.56 and a 200 day moving average price of $4,662.88.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.82%. This is a positive change from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is presently 22.19%.
Booking Company Profile
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Free Report)
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.
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