Janus Henderson Group PLC Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Janus Henderson Group PLC lessened its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 469,142 shares of the business services provider's stock after selling 23,132 shares during the quarter. Booking comprises 1.2% of Janus Henderson Group PLC's holdings, making the stock its 12th largest position. Janus Henderson Group PLC owned 1.42% of Booking worth $2,330,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its stake in Booking by 621,874.8% in the 4th 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 in the last quarter. Geode Capital Management LLC increased its holdings 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 last quarter. Norges Bank purchased a new position in Booking during the fourth quarter worth approximately $1,958,352,000. Northern Trust Corp boosted its stake in Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the last quarter. Finally, Sanders Capital LLC grew its holdings in Booking by 1.4% in the 4th 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 in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,086.10 on Friday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market capitalization of $165.50 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The business has a 50-day moving average of $4,672.55 and a two-hundred day moving average of $4,849.82.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for 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%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $20.39 earnings per share. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 0.75%. Booking's dividend payout ratio is presently 23.89%.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent research reports. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets increased their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. DA Davidson lifted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company increased their price objective on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,299.29.

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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