Dohj LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Dohj LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169 shares of the business services provider’s stock after selling 17 shares during the period. Dohj LLC’s holdings in Booking were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC grew its position in Booking by 621,874.8% during the 4th 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 last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 6,009 shares during the last quarter. Norges Bank purchased a new stake in Booking during the 4th quarter worth approximately $1,958,352,000. Finally, Northern Trust Corp grew its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $5,298.38 on Friday. The company has a fifty day moving average of $5,098.72 and a two-hundred day moving average of $4,942.15. The stock has a market capitalization of $172.41 billion, a PE ratio of 30.62, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,639.70.

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

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is presently 23.89%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research analyst reports. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Robert W. Baird boosted their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5,388.37.

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.