Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Reduced by Geo Capital Gestora de Recursos Ltd

Geo Capital Gestora de Recursos Ltd lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 63.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 624 shares of the business services provider’s stock after selling 1,075 shares during the period. Booking comprises 4.0% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 10th largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Booking were worth $3,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC boosted its holdings in Booking by 621,874.8% during 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 buying an additional 864,406 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in Booking during the fourth quarter worth about $207,089,000. Bryn Mawr Capital Management LLC boosted its holdings in Booking by 3,940.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after buying an additional 37,477 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Booking during the third quarter worth about $155,427,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. Bank of America upped their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group upped their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho upped their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company upped their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, Benchmark upped their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

Shares of BKNG stock opened at $4,617.26 on Friday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a 50 day moving average price of $4,789.60 and a 200 day moving average price of $4,694.74. The firm has a market capitalization of $151.52 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is presently 22.19%.

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.