Orion Portfolio Solutions LLC Sells 23 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Orion Portfolio Solutions LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,102 shares of the business services provider’s stock after selling 23 shares during the period. Orion Portfolio Solutions LLC’s holdings in Booking were worth $10,444,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKNG. D.A. Davidson & CO. grew its holdings in shares of Booking by 13.0% during the 3rd quarter. D.A. Davidson & CO. now owns 208 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 24 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Booking during the third quarter worth $666,000. Fiduciary Trust Co increased its holdings in shares of Booking by 16.6% during the third quarter. Fiduciary Trust Co now owns 1,482 shares of the business services provider’s stock worth $6,244,000 after buying an additional 211 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Booking by 22.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 83 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 15 shares during the last quarter. Finally, Infusive Asset Management Inc. boosted its holdings in shares of Booking by 75.9% during the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock valued at $5,038,000 after acquiring an additional 516 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho upped their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group lifted their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Ten equities research 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 stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Down 2.5 %

Shares of NASDAQ:BKNG opened at $4,634.24 on Friday. The stock’s 50 day moving average is $4,779.09 and its 200-day moving average is $4,727.45. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $152.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released 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. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $9.60 per share. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, March 7th. Booking’s payout ratio is currently 22.19%.

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.