Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,086 shares of the business services provider’s stock after selling 332 shares during the quarter. Great Lakes Advisors LLC’s holdings in Booking were worth $35,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after purchasing an additional 864,406 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after acquiring an additional 2,321 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after acquiring an additional 11,649 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 2.2 %

BKNG stock opened at $4,353.41 on Wednesday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock’s 50 day simple moving average is $4,849.47 and its 200 day simple moving average is $4,671.37. The firm has a market cap of $142.86 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.71 and a beta of 1.40.

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

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.88%. Booking’s dividend payout ratio (DPR) is currently 22.19%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Mizuho upped their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Bank of America upped their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Citigroup boosted their target price on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Wedbush boosted their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.