Dohj LLC Lowers Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Dohj LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169 shares of the business services provider’s stock after selling 17 shares during the period. Dohj LLC’s holdings in Booking were worth $780,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Booking during the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the 4th quarter valued at about $30,000. Promus Capital LLC bought a new stake in Booking during the 4th quarter valued at about $35,000. Roxbury Financial LLC bought a new stake in Booking during the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter valued at about $40,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ BKNG opened at $5,298.38 on Friday. The company has a market capitalization of $172.41 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The company’s 50-day simple moving average is $5,098.72 and its two-hundred day simple moving average is $4,942.15. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $20.39 EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their price objective 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. Piper Sandler reduced their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Benchmark lifted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5,388.37.

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.