Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Tucker Asset Management LLC

Tucker Asset Management LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 89.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of Booking by 13.0% in the third quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock valued at $876,000 after buying an additional 24 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Booking in the third quarter valued at approximately $666,000. Icon Wealth Advisors LLC raised its stake in Booking by 22.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 83 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 15 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Booking by 5.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,096 shares of the business services provider’s stock valued at $4,618,000 after purchasing an additional 58 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new stake in Booking during the 3rd quarter worth $1,007,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $4,634.24 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business has a 50 day simple moving average of $4,779.09 and a 200 day simple moving average of $4,733.69. The stock 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 (NASDAQ:BKNG) last issued its quarterly earnings data 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. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Cantor Fitzgerald boosted their price objective on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Mizuho raised their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price target (up from $4,900.00) on shares of Booking in a report on Friday, February 21st. Royal Bank of Canada boosted their target price on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Finally, JMP Securities reiterated a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.