Booking Holdings Inc. (NASDAQ:BKNG) Holdings Lowered by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162 shares of the business services provider’s stock after selling 3 shares during the period. Dynasty Wealth Management LLC’s holdings in Booking were worth $804,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Garner Asset Management Corp lifted its position in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares during the last quarter. Optimist Retirement Group LLC increased its stake in shares of Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares during the period. Seascape Capital Management lifted its position in shares of Booking by 0.3% during the 3rd quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock worth $4,242,000 after purchasing an additional 3 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in Booking by 3.2% during the 3rd quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 3 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in Booking by 0.5% during the 3rd quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock valued at $2,788,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 2.0 %

NASDAQ BKNG opened at $5,016.01 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 50 day moving average of $4,898.79 and a 200-day moving average of $4,607.88. The firm has a market cap of $164.60 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released 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 firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s payout ratio is currently 22.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup upped their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Tigress Financial boosted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Bank of America increased their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Mizuho boosted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.