Nemes Rush Group LLC Sells 4 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Nemes Rush Group LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 466 shares of the business services provider’s stock after selling 4 shares during the period. Nemes Rush Group LLC’s holdings in Booking were worth $2,315,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Booking during the fourth quarter worth $30,000. Valley National Advisers Inc. grew its holdings 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 buying an additional 6 shares during the period. Finally, Promus Capital LLC acquired a new position in Booking in the fourth quarter valued at about $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,606.91 on Tuesday. The company has a 50 day simple moving average of $4,772.70 and a 200 day simple moving average of $4,745.26. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market cap of $151.18 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company 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 fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $9.60 per share. The ex-dividend date was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.83%. Booking’s dividend payout ratio is 22.19%.

Analyst Ratings Changes

A number of research firms recently issued reports on BKNG. B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Mizuho lifted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Benchmark increased their price target on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday, February 21st. DA Davidson boosted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.