Capitolis Liquid Global Markets LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Capitolis Liquid Global Markets LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,100 shares of the business services provider's stock after selling 3,900 shares during the quarter. Booking accounts for approximately 2.1% of Capitolis Liquid Global Markets LLC's holdings, making the stock its 12th biggest holding. Capitolis Liquid Global Markets LLC owned approximately 0.13% of Booking worth $214,139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Mogy Joel R Investment Counsel Inc. lifted its stake in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock worth $9,321,000 after purchasing an additional 264 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock valued at $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Booking by 20.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after acquiring an additional 153 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after acquiring an additional 2,010 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BKNG. Morgan Stanley cut their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Finally, BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective on the stock in a research note on Friday, April 4th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,262.41.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,191.12 on Tuesday. The stock has a 50 day moving average price of $4,655.80 and a 200 day moving average price of $4,830.86. The firm has a market capitalization of $169.44 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $20.39 EPS. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently declared 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 0.74%. The ex-dividend date was Friday, March 7th. This is a boost from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio is presently 23.89%.

Booking Company 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.