Martingale Asset Management L P Has $1.14 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Martingale Asset Management L P decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229 shares of the business services provider's stock after selling 125 shares during the period. Martingale Asset Management L P's holdings in Booking were worth $1,138,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC grew its position in Booking by 7.0% during the fourth 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. Marcum Wealth LLC grew its holdings in shares of Booking by 3.5% during the 4th quarter. Marcum Wealth LLC now owns 89 shares of the business services provider's stock worth $443,000 after purchasing an additional 3 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Booking by 4.9% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider's stock worth $318,000 after purchasing an additional 3 shares during the period. LexAurum Advisors LLC raised its holdings in Booking by 6.0% in the fourth quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider's stock valued at $263,000 after buying an additional 3 shares during the period. Finally, Investment Research & Advisory Group Inc. raised its holdings in Booking by 0.4% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 687 shares of the business services provider's stock valued at $3,413,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on Booking from $5,250.00 to $5,900.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Bank of America raised their target price on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Morgan Stanley decreased their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5,278.66.

Booking Price Performance

Booking stock traded up $30.54 during midday trading on Thursday, reaching $4,571.38. The stock had a trading volume of 99,697 shares, compared to its average volume of 248,108. The firm's fifty day simple moving average is $4,702.41 and its two-hundred day simple moving average is $4,768.98. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $150.01 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio is 22.19%.

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.