RWA Wealth Partners LLC Cuts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

RWA Wealth Partners LLC decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186 shares of the business services provider’s stock after selling 22 shares during the period. RWA Wealth Partners LLC’s holdings in Booking were worth $924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BKNG. Optimist Retirement Group LLC boosted its holdings in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. Dunhill Financial LLC lifted its position in shares of Booking by 2.0% during the third quarter. Dunhill Financial LLC now owns 155 shares of the business services provider’s stock worth $654,000 after purchasing an additional 3 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of Booking by 7.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 3 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in 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 valued at $318,000 after purchasing an additional 3 shares in the last quarter. Finally, Marcum Wealth LLC increased its stake in 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 buying an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKNG. BMO Capital Markets upped their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Wedbush increased their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Mizuho increased their target price on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald lifted their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 0.6 %

Shares of NASDAQ BKNG opened at $4,606.91 on Tuesday. The stock has a market cap of $151.18 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.71 and a beta of 1.40. The firm’s 50-day simple moving average is $4,772.70 and its 200 day simple moving average is $4,745.26. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

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

Booking Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $9.60 per share. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, March 7th. Booking’s dividend payout ratio (DPR) is presently 22.19%.

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.