Curi RMB Capital LLC Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Curi RMB Capital LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,841 shares of the business services provider’s stock after selling 404 shares during the period. Booking comprises about 1.2% of Curi RMB Capital LLC’s holdings, making the stock its 14th largest position. Curi RMB Capital LLC’s holdings in Booking were worth $53,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. raised its position in Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after buying an additional 264 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock worth $4,495,000 after buying an additional 153 shares during the period. Crossmark Global Holdings Inc. grew its stake in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after acquiring an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $4,573.31 on Friday. The stock has a market capitalization of $150.07 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a fifty day moving average of $4,689.13 and a 200-day moving average of $4,774.73.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, March 7th. 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 0.84%. Booking’s dividend payout ratio is currently 22.19%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. UBS Group upped their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday, February 21st. Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on Booking from $5,750.00 to $4,850.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Eleven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $5,278.66.

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.