Fiduciary Management Inc. WI Has $558.28 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Fiduciary Management Inc. WI trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 13.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,365 shares of the business services provider’s stock after selling 17,861 shares during the period. Booking accounts for about 5.2% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its largest position. Fiduciary Management Inc. WI owned approximately 0.34% of Booking worth $558,277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Covestor Ltd increased its stake in shares of Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares during the period. SageView Advisory Group LLC grew its holdings in Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after buying an additional 2 shares during the last quarter. Belpointe Asset Management LLC increased its position in Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of Booking by 7.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock worth $229,000 after buying an additional 3 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted its position in shares of Booking by 4.9% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on BKNG. DA Davidson boosted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. BTIG Research upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective on the stock in a report on Friday, April 4th. Cantor Fitzgerald reduced their target price on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research note on Wednesday. Erste Group Bank lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada raised their price objective on Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $5,278.66.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,573.31 on Friday. The business has a fifty day moving average of $4,689.13 and a 200-day moving average of $4,774.73. 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 cap of $150.07 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

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

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking’s dividend payout ratio (DPR) is presently 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.