Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,652 shares of the business services provider’s stock after selling 196 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Booking were worth $23,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Proficio Capital Partners LLC raised its holdings in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC grew its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC lifted its position in Booking by 3,940.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after buying an additional 37,477 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth $155,427,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,016.01 on Friday. The stock’s 50-day moving average is $4,898.79 and its two-hundred day moving average is $4,607.88. The company has a market cap of $164.60 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. 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 issued 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. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is presently 22.19%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. B. Riley boosted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Wedbush upped their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.