Booking Holdings Inc. (NASDAQ:BKNG) Position Trimmed by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 59.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225 shares of the business services provider’s stock after selling 330 shares during the period. Landscape Capital Management L.L.C.’s holdings in Booking were worth $1,118,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BKNG. Proficio Capital Partners LLC raised its position in shares of 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 purchasing an additional 864,406 shares during the period. Geode Capital Management LLC raised its holdings in Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after buying an additional 6,009 shares during the period. Norges Bank acquired a new stake in Booking during the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership lifted its stake in Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Booking by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 214,185 shares of the business services provider’s stock worth $1,064,161,000 after buying an additional 4,258 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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 research report on Friday, February 21st. Benchmark increased their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays upped their target price on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Royal Bank of Canada raised their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Finally, DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,374.90.

Booking Trading Down 3.7 %

Shares of BKNG stock opened at $4,284.02 on Friday. The firm has a market capitalization of $140.58 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm’s fifty day simple moving average is $4,757.12 and its 200 day simple moving average is $4,755.12.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Equities research analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $9.60 per share. The ex-dividend date was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.90%. Booking’s payout ratio is currently 22.19%.

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.