Asio Capital LLC Trims Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Asio Capital LLC lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 794 shares of the business services provider’s stock after selling 16 shares during the quarter. Asio Capital LLC’s holdings in Booking were worth $3,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC boosted its position in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Booking during the third quarter valued at $5,322,600,000. Empirical Asset Management LLC bought a new stake in Booking in the fourth quarter worth $207,089,000. Harvard Management Co. Inc. purchased a new stake in shares of Booking in the third quarter worth $155,427,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Booking during the second quarter valued at $125,615,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 1.1 %

NASDAQ BKNG opened at $4,764.89 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a 50-day moving average price of $5,028.05 and a 200-day moving average price of $4,406.60. The firm has a market cap of $157.72 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Mizuho raised their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays increased their target price on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

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.