C Partners Holding GmbH Cuts Position in Booking Holdings Inc. (NASDAQ:BKNG)

C Partners Holding GmbH lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,102 shares of the business services provider's stock after selling 307 shares during the quarter. Booking makes up approximately 10.0% of C Partners Holding GmbH's portfolio, making the stock its 6th biggest holding. C Partners Holding GmbH's holdings in Booking were worth $40,254,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its position in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after buying an additional 2 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after purchasing an additional 2 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares during the period. Sugarloaf Wealth Management LLC boosted its position in Booking by 7.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider's stock worth $229,000 after purchasing an additional 3 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of Booking by 4.9% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock worth $318,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Down 1.5 %

Shares of NASDAQ BKNG traded down $79.17 during midday trading on Friday, reaching $5,086.10. The company had a trading volume of 228,424 shares, compared to its average volume of 248,269. The stock has a market cap of $165.50 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm's fifty day moving average price is $4,672.55 and its 200-day moving average price is $4,849.82.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company posted $20.39 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a report on Friday, April 4th. BMO Capital Markets raised their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. B. Riley boosted their price objective on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. JMP Securities increased their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Finally, Citigroup lifted their target price on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5,299.29.

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.