Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,430 shares of the business services provider's stock after selling 616 shares during the period. Rhumbline Advisers owned 0.22% of Booking worth $324,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the period. Proficio Capital Partners LLC grew its holdings in 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 worth $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC grew its stake in shares of Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider's stock worth $3,986,244,000 after buying an additional 6,009 shares during the last quarter. Norges Bank bought a new position in shares of Booking during the fourth quarter valued at $1,958,352,000. Finally, Northern Trust Corp raised its position in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. UBS Group reduced their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. B. Riley boosted their price target on Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays raised their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company upped their price objective on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $5,377.33.

Booking Trading Up 1.4%

BKNG stock traded up $75.41 during trading on Thursday, hitting $5,632.41. 60,359 shares of the company's stock were exchanged, compared to its average volume of 245,953. The business has a 50-day moving average price of $4,952.45 and a two-hundred day moving average price of $4,925.27. The stock has a market capitalization of $183.28 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,637.02.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results 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. The business had revenue of $4.76 billion during 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $20.39 EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. Booking's dividend payout ratio 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.