E. Ohman J or Asset Management AB Sells 95 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

E. Ohman J or Asset Management AB reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,505 shares of the business services provider's stock after selling 95 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Booking were worth $6,933,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the period. 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 period. Norges Bank purchased a new stake in shares of Booking in the fourth quarter valued at $1,958,352,000. Finally, Northern Trust Corp grew its position in shares of Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG traded up $44.09 during trading hours on Friday, hitting $5,614.61. 174,065 shares of the company were exchanged, compared to its average volume of 246,954. The firm has a fifty day simple moving average of $4,990.30 and a 200-day simple moving average of $4,933.48. The company has a market capitalization of $182.70 billion, a PE ratio of 32.45, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70.

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 (EPS) for the quarter, topping 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 business had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the company earned $20.39 earnings per share. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.68%. Booking's dividend payout ratio (DPR) is currently 23.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Robert W. Baird upped their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group cut their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Erste Group Bank cut Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5,377.33.

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.