Envestnet Portfolio Solutions Inc. Sells 171 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Envestnet Portfolio Solutions Inc. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883 shares of the business services provider’s stock after selling 171 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Booking were worth $4,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the 4th quarter worth about $25,000. Promus Capital LLC acquired a new position in Booking during the 4th quarter worth about $35,000. Valley National Advisers Inc. grew its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new stake in Booking in the 4th quarter valued at about $42,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 2.0 %

Shares of NASDAQ:BKNG opened at $4,471.51 on Wednesday. The firm has a market cap of $146.73 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company’s fifty day simple moving average is $4,803.32 and its 200 day simple moving average is $4,691.22.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKNG shares. Royal Bank of Canada increased their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. UBS Group increased their price objective on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Piper Sandler restated a “neutral” rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Oppenheimer raised their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, B. Riley boosted their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.