Landscape Capital Management L.L.C. Sells 330 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Landscape Capital Management L.L.C. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 59.5% during the 4th quarter, HoldingsChannel reports. The firm owned 225 shares of the business services provider’s stock after selling 330 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Booking were worth $1,118,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thoroughbred Financial Services LLC raised its stake in Booking by 32.6% during the fourth quarter. Thoroughbred Financial Services LLC now owns 1,142 shares of the business services provider’s stock worth $5,675,000 after acquiring an additional 281 shares in the last quarter. Climber Capital SA bought a new stake in shares of Booking in the 4th quarter worth about $377,000. Pitcairn Co. increased its position in shares of Booking by 10.2% during the 4th quarter. Pitcairn Co. now owns 1,703 shares of the business services provider’s stock worth $8,461,000 after purchasing an additional 158 shares in the last quarter. Spahn Wealth & Retirement LLC bought a new position in Booking during the 4th quarter valued at about $591,000. Finally, Motley Fool Asset Management LLC boosted its position in Booking by 7.2% in the fourth quarter. Motley Fool Asset Management LLC now owns 1,445 shares of the business services provider’s stock valued at $7,179,000 after buying an additional 97 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 3.7 %

Shares of NASDAQ BKNG opened at $4,284.02 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company’s fifty day moving average is $4,757.12 and its 200-day moving average is $4,755.12. The stock has a market cap of $140.58 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is presently 22.19%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKNG. Cantor Fitzgerald raised their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective on the stock in a research note on Friday. Citigroup raised their target price on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,374.90.

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.