Sandhill Capital Partners LLC Sells 476 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sandhill Capital Partners LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,225 shares of the business services provider's stock after selling 476 shares during the period. Booking accounts for about 2.4% of Sandhill Capital Partners LLC's portfolio, making the stock its 20th biggest holding. Sandhill Capital Partners LLC's holdings in Booking were worth $30,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its stake in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock valued at $3,986,244,000 after purchasing an additional 6,009 shares during the last quarter. Norges Bank bought a new position in shares of Booking during the fourth quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its holdings in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after purchasing an additional 95,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Booking by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider's stock valued at $1,064,161,000 after purchasing an additional 4,258 shares during the period. 92.42% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark increased their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. B. Riley boosted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup raised their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Bank of America boosted their price target on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $5,327.28.

Booking Price Performance

Shares of NASDAQ BKNG traded up $91.89 during mid-day trading on Friday, hitting $4,586.53. 304,917 shares of the stock traded hands, compared to its average volume of 248,388. The company has a market cap of $150.51 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a 50 day simple moving average of $4,715.54 and a two-hundred day simple moving average of $4,769.51.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, March 7th. Booking's dividend payout ratio is 22.19%.

About Booking

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.