Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,096 shares of the business services provider’s stock after selling 70 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Booking were worth $15,382,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. raised its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Promus Capital LLC bought a new position in Booking during the 4th quarter valued at $35,000. Finally, Roxbury Financial LLC acquired a new position in shares of Booking during the 4th quarter valued at $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of Booking stock opened at $4,617.26 on Monday. The company has a 50-day simple moving average of $4,789.60 and a two-hundred day simple moving average of $4,707.25. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market capitalization of $151.52 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

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

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. Oppenheimer lifted their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. BMO Capital Markets upped their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company 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.