Tucker Asset Management LLC Has $30,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Tucker Asset Management LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 89.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6 shares of the business services provider’s stock after selling 51 shares during the period. Tucker Asset Management LLC’s holdings in Booking were worth $30,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the fourth quarter valued at $25,000. Promus Capital LLC bought a new position in shares of Booking in the 4th quarter valued at about $35,000. Valley National Advisers Inc. increased its stake in shares of Booking by 600.0% during the 4th 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 during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Booking in the 4th quarter valued at about $42,000. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

Shares of BKNG stock opened at $4,634.24 on Friday. The firm has a fifty day moving average price of $4,779.09 and a 200-day moving average price of $4,733.69. The company has a market cap of $152.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last posted 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 company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on BKNG shares. Royal Bank of Canada lifted their price target on Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Oppenheimer lifted their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays raised their price target on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Citigroup raised their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average 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.