Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Cut by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,365 shares of the business services provider's stock after selling 17,861 shares during the quarter. Booking accounts for approximately 5.2% of Fiduciary Management Inc. WI's holdings, making the stock its biggest holding. Fiduciary Management Inc. WI owned approximately 0.34% of Booking worth $558,277,000 at the end of the most recent quarter.

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

Booking Stock Up 1.8 %

Shares of NASDAQ BKNG traded up $84.82 during midday trading on Thursday, hitting $4,815.85. The stock had a trading volume of 112,550 shares, compared to its average volume of 249,145. The business's 50 day moving average is $4,663.04 and its 200-day moving average is $4,784.04. 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 cap of $158.03 billion, a P/E ratio of 27.85, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, analysts expect 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.80%. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio (DPR) is presently 22.19%.

Analyst Ratings Changes

A number of research analysts have commented on BKNG shares. UBS Group upped their price target on Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Benchmark lifted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Cantor Fitzgerald dropped their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Eleven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,278.66.

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.