Angeles Investment Advisors LLC Has $224,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Angeles Investment Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45 shares of the business services provider’s stock after selling 4 shares during the period. Angeles Investment Advisors LLC’s holdings in Booking were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of Booking during the fourth quarter worth $35,000. Finally, Roxbury Financial LLC bought a new position in Booking during the fourth quarter worth $42,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock opened at $4,709.72 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm’s 50-day simple moving average is $4,788.52 and its 200 day simple moving average is $4,713.79. The stock has a market cap of $154.55 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. As a group, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently announced 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 is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.82%. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Analyst Ratings Changes

BKNG has been the topic of a number of research analyst reports. 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. Oppenheimer lifted their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Bank of America boosted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Company 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.