Poehling Capital Management INC. Sells 38 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Poehling Capital Management INC. decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245 shares of the business services provider’s stock after selling 38 shares during the quarter. Poehling Capital Management INC.’s holdings in Booking were worth $1,217,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Covestor Ltd raised its position in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC raised its position 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 purchasing an additional 2 shares during the last quarter. Belpointe Asset Management LLC raised 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 valued at $472,000 after purchasing an additional 2 shares during the last quarter. Elequin Capital LP raised its position in shares of Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after acquiring an additional 2 shares during the last quarter. Finally, LexAurum Advisors LLC raised its position in shares of Booking by 6.0% during the fourth quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider’s stock worth $263,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $5,293.31 on Thursday. The stock has a market capitalization of $172.24 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.71 and a beta of 1.42. The business has a 50-day moving average of $4,791.71 and a 200-day moving average of $4,891.27. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,379.98.

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

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.73%. Booking’s dividend payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, April 30th. Benchmark boosted their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Robert W. Baird boosted their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Piper Sandler dropped their target price on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley dropped their target price on Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,299.29.

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.