Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 26.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54 shares of the business services provider’s stock after selling 19 shares during the period. Personal CFO Solutions LLC’s holdings in Booking were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. increased its holdings in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares in the last quarter. Nordea Investment Management AB increased its holdings in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ:BKNG opened at $4,451.03 on Tuesday. The firm has a market capitalization of $146.06 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.71 and a beta of 1.40. The company’s 50-day moving average is $4,861.77 and its two-hundred day moving average is $4,667.69. 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 posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The company 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, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is currently 22.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BKNG shares. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Oppenheimer lifted their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. B. Riley boosted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.