Twin City Private Wealth LLC Cuts Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Twin City Private Wealth LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 556 shares of the business services provider’s stock after selling 46 shares during the quarter. Booking makes up about 2.4% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 7th largest position. Twin City Private Wealth LLC’s holdings in Booking were worth $2,762,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Prospera Financial Services Inc lifted its position in shares of Booking by 88.8% during the third quarter. Prospera Financial Services Inc now owns 168 shares of the business services provider’s stock valued at $708,000 after buying an additional 79 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Booking by 0.5% during the third quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock valued at $2,788,000 after buying an additional 3 shares during the last quarter. Stonebrook Private Inc. purchased a new stake in shares of Booking during the third quarter valued at about $202,000. Cerity Partners LLC lifted its position in shares of Booking by 10.7% during the third quarter. Cerity Partners LLC now owns 11,066 shares of the business services provider’s stock valued at $46,613,000 after buying an additional 1,074 shares during the last quarter. Finally, Algert Global LLC lifted its position in shares of Booking by 1,023.1% during the third quarter. Algert Global LLC now owns 1,314 shares of the business services provider’s stock valued at $5,535,000 after buying an additional 1,197 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 0.6 %

Shares of BKNG opened at $4,617.26 on Monday. The firm’s fifty day moving average is $4,789.60 and its two-hundred day moving average is $4,707.25. The stock has a market cap of $151.52 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The firm 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%. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business 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 $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. Booking’s payout ratio is 22.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKNG shares. Piper Sandler reiterated a “neutral” rating and issued a $5,120.00 target price (up from $4,900.00) on shares of Booking in a research note on Friday, February 21st. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group raised their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays raised their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets raised their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.