Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Foxhaven Asset Management LP

Foxhaven Asset Management LP lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 35.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,218 shares of the business services provider’s stock after selling 16,523 shares during the period. Booking comprises 4.0% of Foxhaven Asset Management LP’s portfolio, making the stock its 13th largest holding. Foxhaven Asset Management LP’s holdings in Booking were worth $150,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter worth about $30,000. Finally, Promus Capital LLC purchased a new position in Booking during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $5,086.10 on Friday. The firm has a 50 day simple moving average of $4,672.55 and a 200 day simple moving average of $4,846.12. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market cap of $165.50 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the firm earned $20.39 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio is currently 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of analyst reports. UBS Group decreased their price target on Booking from $5,960.00 to $5,557.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Piper Sandler decreased their target price on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5,299.29.

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.