Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 55.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 549 shares of the business services provider’s stock after selling 691 shares during the quarter. Edgestream Partners L.P.’s holdings in Booking were worth $2,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at $25,000. Promus Capital LLC acquired a new stake in shares of Booking in the fourth quarter valued at $35,000. Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares in the last quarter. Finally, Addison Advisors LLC grew its stake 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 valued at $38,000 after buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Cantor Fitzgerald lifted their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Bank of America lifted their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine 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 has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

BKNG opened at $4,673.38 on Monday. The business’s 50-day simple moving average is $4,872.56 and its 200-day simple moving average is $4,662.88. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $153.36 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.82%. The ex-dividend date 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 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.