Booking Holdings Inc. (NASDAQ:BKNG) Holdings Trimmed by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76 shares of the business services provider’s stock after selling 11 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Booking were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Proficio Capital Partners LLC raised its holdings in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Norges Bank bought a new position in shares of Booking in the fourth quarter valued at $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after acquiring an additional 95,308 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Booking during the 4th quarter worth $207,089,000. Finally, Bryn Mawr Capital Management LLC grew its holdings in shares of Booking by 3,940.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after acquiring an additional 37,477 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Down 2.5 %

Shares of Booking stock opened at $4,634.24 on Friday. The stock has a market capitalization of $152.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.71 and a beta of 1.40. The firm has a fifty day simple moving average of $4,779.09 and a 200-day simple moving average of $4,733.69. 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 data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.18 billion. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business 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 dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis 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 currently 22.19%.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Cantor Fitzgerald raised their target price 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. Wedbush boosted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Citigroup upped their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price objective 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. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.