Angeles Investment Advisors LLC Decreases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Angeles Investment Advisors LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 45 shares of the business services provider’s stock after selling 4 shares during the period. Angeles Investment Advisors LLC’s holdings in Booking were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Proficio Capital Partners LLC increased its stake in shares of 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 worth $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC grew its stake in Booking by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after buying an additional 11,211 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after acquiring an additional 2,321 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after acquiring an additional 13,429 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after purchasing an additional 11,649 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Up 2.0 %

BKNG opened at $4,709.72 on Tuesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business’s 50-day moving average price is $4,788.52 and its 200-day moving average price is $4,713.79. The company has a market cap of $154.55 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly 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. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

Analysts Set New Price Targets

A number of analysts recently issued reports on BKNG shares. Barclays increased their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. DA Davidson boosted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wedbush increased their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.