Sompo Asset Management Co. Ltd. Has $1.59 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Sompo Asset Management Co. Ltd. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 320 shares of the business services provider’s stock after selling 30 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Booking were worth $1,590,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd raised its stake in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC lifted its holdings in shares of Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of Booking by 7.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 3 shares during the period. Finally, Marcum Wealth LLC grew its stake in Booking by 3.5% during the fourth quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ:BKNG opened at $4,598.08 on Wednesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s 50-day simple moving average is $4,669.30 and its 200 day simple moving average is $4,784.40. The firm has a market capitalization of $150.89 billion, a P/E ratio of 26.57, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Citigroup raised their price target on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Wedbush raised their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Eleven 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. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,278.66.

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.