Foxhaven Asset Management LP Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

Foxhaven Asset Management LP decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,218 shares of the business services provider's stock after selling 16,523 shares during the quarter. Booking comprises about 4.0% of Foxhaven Asset Management LP's portfolio, making the stock its 13th biggest position. Foxhaven Asset Management LP owned approximately 0.09% of Booking worth $150,136,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Covestor Ltd raised its stake in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider's stock worth $158,000 after acquiring an additional 2 shares during the last quarter. SageView Advisory Group LLC increased its holdings in Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after buying an additional 2 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock worth $472,000 after purchasing an additional 2 shares during the period. Sugarloaf Wealth Management LLC grew its stake in Booking by 7.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider's stock valued at $229,000 after acquiring an additional 3 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of Booking by 4.9% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock valued at $318,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.9%

Shares of BKNG traded up $45.39 during mid-day trading on Thursday, hitting $5,261.94. 62,936 shares of the company's stock were exchanged, compared to its average volume of 247,735. The firm has a market capitalization of $171.22 billion, a P/E ratio of 30.43, a P/E/G ratio of 1.71 and a beta of 1.42. The business's 50 day moving average is $4,700.30 and its two-hundred day moving average is $4,864.57. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 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 company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $20.39 EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays increased their price objective on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. StockNews.com raised Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities boosted their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Piper Sandler dropped their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Ten investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,299.29.

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.