Shell Asset Management Co. Has $16.96 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Shell Asset Management Co. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,414 shares of the business services provider's stock after selling 51 shares during the quarter. Booking makes up about 0.7% of Shell Asset Management Co.'s investment portfolio, making the stock its 17th largest holding. Shell Asset Management Co.'s holdings in Booking were worth $16,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in shares of Booking during the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Booking during the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in shares of Booking during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $60.93 during trading hours on Monday, hitting $5,378.00. The stock had a trading volume of 158,692 shares, compared to its average volume of 248,154. The company has a market capitalization of $175.00 billion, a P/E ratio of 31.08, a P/E/G ratio of 1.71 and a beta of 1.42. The firm's 50-day moving average price is $4,735.30 and its two-hundred day moving average price is $4,881.13. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,397.77.

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 business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $20.39 EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.71%. Booking's dividend payout ratio (DPR) is currently 23.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKNG. Morgan Stanley cut their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Citigroup boosted their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. JMP Securities boosted their price target on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Finally, StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. 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 stock. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average price target 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.