Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 376 shares of the business services provider’s stock after selling 8 shares during the quarter. CFO4Life Group LLC’s holdings in Booking were worth $1,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Assetmark Inc. raised its stake in Booking by 3.5% during the third quarter. Assetmark Inc. now owns 1,047 shares of the business services provider’s stock valued at $4,408,000 after buying an additional 35 shares in the last quarter. Sigma Planning Corp raised its position in shares of Booking by 14.4% during the 3rd quarter. Sigma Planning Corp now owns 135 shares of the business services provider’s stock worth $568,000 after purchasing an additional 17 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $211,000. Savvy Advisors Inc. acquired a new stake in shares of Booking during the 3rd quarter worth approximately $250,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of Booking during the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,400.52 on Thursday. The stock has a fifty day moving average of $4,838.11 and a 200-day moving average of $4,669.48. The company has a market capitalization of $144.40 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.18 billion. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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. This represents a $38.40 annualized dividend and a dividend yield of 0.87%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America increased their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. B. Riley increased their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Mizuho increased their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Oppenheimer increased their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.