Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Trimmed by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,837 shares of the business services provider’s stock after selling 17,100 shares during the period. Booking comprises 11.9% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 3rd largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.41% of Booking worth $674,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Icon Wealth Advisors LLC lifted its position in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in Booking in the 3rd quarter worth about $5,322,600,000. Empirical Asset Management LLC bought a new position in Booking in the 4th quarter worth about $207,089,000. Harvard Management Co. Inc. bought a new position in shares of Booking during the 3rd quarter valued at about $155,427,000. Finally, Magnolia Capital Advisors LLC purchased a new stake in Booking during the 2nd quarter valued at about $125,615,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $4,619.21 on Thursday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market capitalization of $152.90 billion, a P/E ratio of 31.34, a PEG ratio of 1.59 and a beta of 1.41. The business has a fifty day moving average of $5,042.68 and a 200 day moving average of $4,396.71.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKNG. Truist Financial increased their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Ten 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

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.