Atria Investments Inc Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Atria Investments Inc lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,030 shares of the business services provider’s stock after selling 318 shares during the quarter. Atria Investments Inc’s holdings in Booking were worth $10,086,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BKNG. Chicago Partners Investment Group LLC bought a new stake in shares of Booking in the 3rd quarter worth about $315,000. Janney Montgomery Scott LLC increased its holdings in shares of Booking by 6.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,357 shares of the business services provider’s stock worth $9,928,000 after buying an additional 139 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Booking by 2.3% in the 3rd quarter. QRG Capital Management Inc. now owns 744 shares of the business services provider’s stock worth $3,134,000 after buying an additional 17 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Booking by 88.6% in the 3rd quarter. Pittenger & Anderson Inc. now owns 628 shares of the business services provider’s stock worth $2,645,000 after buying an additional 295 shares during the last quarter. Finally, HF Advisory Group LLC increased its holdings in shares of Booking by 11.2% in the 3rd quarter. HF Advisory Group LLC now owns 900 shares of the business services provider’s stock worth $3,791,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird started coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Cantor Fitzgerald lifted their target price on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, Wedbush upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Price Performance

Shares of BKNG stock opened at $4,917.46 on Thursday. The company has a market cap of $161.37 billion, a P/E ratio of 28.42, a PEG ratio of 1.71 and a beta of 1.39. The stock’s 50-day moving average is $4,887.85 and its 200 day moving average is $4,642.68. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during 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%. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is 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 0.78%. Booking’s payout ratio is 22.19%.

Booking 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.