WR Wealth Planners LLC Sells 15 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

WR Wealth Planners LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74 shares of the business services provider’s stock after selling 15 shares during the quarter. WR Wealth Planners LLC’s holdings in Booking were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Geode Capital Management LLC increased its stake in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Janus Henderson Group PLC increased its stake in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after acquiring an additional 13,429 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

BKNG stock opened at $5,016.01 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’s fifty day moving average price is $4,898.79 and its 200-day moving average price is $4,607.88. The company has a market capitalization of $164.60 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 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 firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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 issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is 22.19%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research analyst reports. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Royal Bank of Canada lifted their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus 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.