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

Dynasty Wealth Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162 shares of the business services provider’s stock after selling 3 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Booking were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. grew its stake in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the period. Addison Advisors LLC increased its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BKNG shares. Cantor Fitzgerald upped 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 report on Friday, February 21st. Barclays increased their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Baird R W raised shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Citigroup lifted their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Ten equities research 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.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $5,016.01 on Friday. The company has a market cap of $164.60 billion, a P/E ratio of 28.99, a PEG ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a fifty day moving average price of $4,898.79 and a 200 day moving average price of $4,607.88.

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 the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during 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 anticipate 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. Stockholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 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.