Edmond DE Rothschild Holding S.A. Sells 65 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Edmond DE Rothschild Holding S.A. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 377 shares of the business services provider’s stock after selling 65 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Booking were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKNG. Optimist Retirement Group LLC grew its position in 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 acquiring an additional 2 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of Booking by 2.0% in the 3rd quarter. Dunhill Financial LLC now owns 155 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 3 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of Booking by 7.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock worth $229,000 after purchasing an additional 3 shares during the period. Marcum Wealth LLC increased its position 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 valued at $443,000 after purchasing an additional 3 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC raised 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 buying an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 1.7 %

Shares of NASDAQ BKNG opened at $4,685.75 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a market cap of $153.76 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.71 and a beta of 1.40. The business’s 50 day moving average price is $4,772.68 and its 200 day moving average price is $4,750.56.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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 analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 22.19%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKNG. Citigroup boosted their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. UBS Group upped their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Wedbush upped their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, B. Riley increased their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Ten 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.