Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286 shares of the business services provider's stock after selling 47 shares during the period. Hudson Value Partners LLC's holdings in Booking were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its position in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Geode Capital Management LLC raised 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 buying an additional 6,009 shares during the last quarter. Norges Bank acquired a new position in shares of Booking in the fourth quarter valued at approximately $1,958,352,000. Northern Trust Corp raised 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 buying an additional 58,357 shares during the last quarter. Finally, Sanders Capital LLC raised its position in shares of Booking by 1.4% in the fourth quarter. Sanders Capital LLC now owns 285,064 shares of the business services provider's stock valued at $1,416,318,000 after buying an additional 3,926 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research report on Wednesday, April 30th. Cantor Fitzgerald cut their price objective 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. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities boosted their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Finally, Citigroup boosted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.

Booking Stock Up 0.9%

BKNG opened at $5,341.91 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,379.98. The company has a 50 day moving average of $4,807.29 and a two-hundred day moving average of $4,895.17. The company has a market cap of $173.83 billion, a P/E ratio of 30.87, a P/E/G ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG - Get Free Report) last released 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. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $20.39 earnings per share. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.72%. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.

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