Lakewood Asset Management LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Lakewood Asset Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 492 shares of the business services provider’s stock after selling 9 shares during the quarter. Booking accounts for approximately 1.7% of Lakewood Asset Management LLC’s holdings, making the stock its 16th biggest holding. Lakewood Asset Management LLC’s holdings in Booking were worth $2,444,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BKNG. Garner Asset Management Corp grew its stake in Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC grew its position in shares of Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the period. Quent Capital LLC grew its position in shares of Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 3 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG opened at $4,829.64 on Thursday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm’s 50 day moving average is $5,057.06 and its 200-day moving average is $4,363.83. The stock has a market capitalization of $159.86 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.60 and a beta of 1.41.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, December 6th. Booking’s payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Robert W. Baird started coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Oppenheimer boosted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group upped their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,987.04.

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.