Alta Capital Management LLC Has $51.26 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Alta Capital Management LLC reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,317 shares of the business services provider’s stock after selling 2,486 shares during the period. Booking makes up about 3.1% of Alta Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Alta Capital Management LLC’s holdings in Booking were worth $51,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the 4th quarter worth $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the 4th quarter worth $25,000. Valley National Advisers Inc. boosted its position in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Booking in the 4th quarter worth $42,000. Finally, Addison Advisors LLC boosted its position in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Booking stock opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $162.31 billion, a P/E ratio of 28.58, a PEG ratio of 1.71 and a beta of 1.39. The stock has a 50-day simple moving average of $4,896.45 and a 200 day simple moving average of $4,631.73.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.78%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is presently 22.19%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Mizuho lifted 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. Wells Fargo & Company lifted their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, DA Davidson lifted their target price on Booking from $5,005.00 to $5,800.00 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.