Seaview Investment Managers LLC Has $9.16 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Seaview Investment Managers LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,843 shares of the business services provider’s stock after selling 284 shares during the quarter. Booking makes up about 2.5% of Seaview Investment Managers LLC’s investment portfolio, making the stock its 25th largest position. Seaview Investment Managers LLC’s holdings in Booking were worth $9,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Mogy Joel R Investment Counsel Inc. raised its holdings in shares of Booking by 16.4% in 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 in the last quarter. Nordea Investment Management AB raised its stake in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Booking by 20.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider’s stock valued at $4,495,000 after acquiring an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of 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 purchasing an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.7 %

BKNG stock opened at $4,573.31 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock has a market capitalization of $150.07 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The firm’s fifty day simple moving average is $4,689.13 and its two-hundred day simple moving average is $4,779.24.

Booking (NASDAQ:BKNG) last issued its 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. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets raised their price target on Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday, February 21st. BTIG Research upgraded Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on shares of Booking from $5,750.00 to $4,850.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup upped their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald decreased their price target on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a report on Wednesday. Eleven 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.