Redwood Investment Management LLC Sells 72 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Redwood Investment Management LLC lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.1% during the 4th quarter, HoldingsChannel reports. The fund owned 287 shares of the business services provider’s stock after selling 72 shares during the period. Redwood Investment Management LLC’s holdings in Booking were worth $1,426,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings 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 valued at $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank bought a new position in Booking in the fourth quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership raised its position in Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after acquiring an additional 95,308 shares during the period. Northern Trust Corp raised its position in Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock worth $1,831,499,000 after acquiring an additional 58,357 shares during the period. Finally, Winslow Capital Management LLC increased its stake in shares of Booking by 132.7% in the fourth quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider’s stock worth $440,967,000 after purchasing an additional 50,605 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.4%

Shares of BKNG stock opened at $5,237.74 on Friday. The company has a market capitalization of $170.44 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The firm has a fifty day simple moving average of $4,716.03 and a 200-day simple moving average of $4,870.70. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm earned $20.39 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is 23.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKNG. B. Riley increased their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Piper Sandler dropped their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Benchmark raised their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Robert W. Baird raised their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets lifted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Ten 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,299.29.

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.