Interval Partners LP Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Interval Partners LP decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319 shares of the business services provider's stock after selling 57 shares during the quarter. Interval Partners LP's holdings in Booking were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter worth $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking during the fourth quarter valued at $30,000. Finally, Valley National Advisers Inc. grew its position in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BKNG. Royal Bank of Canada reissued an "outperform" rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, April 30th. Barclays boosted their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. BMO Capital Markets lifted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Citigroup boosted their target price on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group reduced their price target on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5,299.29.

Booking Stock Up 0.4%

Booking stock traded up $21.19 during midday trading on Thursday, reaching $5,237.74. 155,597 shares of the stock traded hands, compared to its average volume of 248,082. The stock's fifty day moving average is $4,700.30 and its 200-day moving average is $4,864.57. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $170.44 billion, a P/E ratio of 30.27, a PEG ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 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 analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $20.39 earnings per share. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business 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 dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is currently 23.89%.

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.