Booking Holdings Inc. (NASDAQ:BKNG) Position Decreased by Twin City Private Wealth LLC

Twin City Private Wealth LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 556 shares of the business services provider’s stock after selling 46 shares during the quarter. Booking comprises approximately 2.4% of Twin City Private Wealth LLC’s portfolio, making the stock its 7th biggest position. Twin City Private Wealth LLC’s holdings in Booking were worth $2,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC boosted its holdings in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Booking in the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC boosted its holdings in Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock valued at $190,926,000 after purchasing an additional 37,477 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in Booking in the third quarter valued at approximately $155,427,000. Finally, Corient Private Wealth LLC boosted its holdings in Booking by 198.9% in the fourth quarter. Corient Private Wealth LLC now owns 31,850 shares of the business services provider’s stock valued at $158,247,000 after purchasing an additional 21,195 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.6 %

Shares of BKNG stock opened at $4,617.26 on Monday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market cap of $151.52 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.71 and a beta of 1.40. The business has a fifty day simple moving average of $4,789.60 and a 200-day simple moving average of $4,707.25.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.18 billion. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wedbush increased 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. Cantor Fitzgerald increased their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Finally, Piper Sandler reissued a “neutral” rating and issued a $5,120.00 price objective (up from $4,900.00) on shares of Booking in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

About Booking

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.