OneAscent Wealth Management LLC Sells 125 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

OneAscent Wealth Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 65.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 65 shares of the business services provider’s stock after selling 125 shares during the period. OneAscent Wealth Management LLC’s holdings in Booking were worth $323,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the fourth quarter valued at $25,000. Valley National Advisers Inc. increased its stake in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the last quarter. Promus Capital LLC bought a new stake in Booking during the 4th quarter worth about $35,000. Finally, Roxbury Financial LLC acquired a new position in shares of Booking during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKNG. Cantor Fitzgerald lifted their target price on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Wedbush raised their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. B. Riley upped their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Down 2.5 %

Shares of BKNG stock opened at $4,634.24 on Friday. The stock has a market cap of $152.07 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The stock has a 50 day simple moving average of $4,779.09 and a 200 day simple moving average of $4,727.45. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is currently 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.