Foyston Gordon & Payne Inc Trims Position in Booking Holdings Inc. (NASDAQ:BKNG)

Foyston Gordon & Payne Inc lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,791 shares of the business services provider’s stock after selling 148 shares during the quarter. Booking makes up 3.7% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 10th biggest holding. Foyston Gordon & Payne Inc’s holdings in Booking were worth $13,867,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Proficio Capital Partners LLC raised its stake in Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank acquired a new stake in Booking during the 4th quarter worth about $1,958,352,000. Arrowstreet Capital Limited Partnership raised its position in shares of Booking by 51.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after acquiring an additional 95,308 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the period. Finally, Winslow Capital Management LLC lifted its stake in shares of Booking by 132.7% in the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider’s stock valued at $440,967,000 after purchasing an additional 50,605 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.5 %

Booking stock opened at $5,086.10 on Friday. The firm has a market capitalization of $165.50 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.71 and a beta of 1.42. The firm has a 50 day simple moving average of $4,672.55 and a 200 day simple moving average of $4,846.12. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company earned $20.39 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKNG. Cantor Fitzgerald lowered their target price on Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Piper Sandler dropped their target price on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Barclays upped their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, BMO Capital Markets increased their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5,299.29.

About Booking

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.